retailCURe

Urban_Tangleweed

Has anyone experience of the retailCURe credit union?

They're offering a 3% fixed rate 12 month saver for up to £15,000 which seems good compared to offerings elsewhere.

badger09

Urban_Tangleweed wrote: »

Has anyone experience of the retailCURe credit union?

They're offering a 3% fixed rate 12 month saver for up to £15,000 which seems good compared to offerings elsewhere.

No experience, but they are authorised by FCA, & covered by FSCS so you should be ok if things go wrong, as they have in the past with some credit unions.

I don't know what the membership T&Cs are, but if they're not onerous this is likely to be a popular product.

badger09

Just had a closer look. Only open to those who work in retail.

I knew there had to be a catch:cool:

Urban_Tangleweed

Fortunately I do meet the criteria for working in retail, think I'll go for it.

TheGardener

..and I believe a limited number (only 100) accounts at the 12mth term at 3% rate are available. Last payslip required as evidence of employment in the retail industry. Thing is you can't find out if any of the 100 accounts are still available until after you have set up a regular easy saver.

Zanderman

TheGardener wrote: »

..and I believe a limited number (only 100) accounts at the 12mth term at 3% rate are available. Last payslip required as evidence of employment in the retail industry. Thing is you can't find out if any of the 100 accounts are still available until after you have set up a regular easy saver.

It's now 24 months for the 3% term desposit. Max £15k.
No info on whether this is a limited offer.
Same joining conditions (you have to work in retail and prove that you do).
Can't deposit until accepted as a member.
Must open basic easy saver account before term deposit.
Easy saver has no need for regular payments.
https://www.retailcure.org.uk/

Zanderman

Just for info/update.
Their 3% 2 year scheme is now fully subscribed.
But they still have their 2% 12 months scheme on offer - max £15k.
Same conditions as before so not for everyone (you have to work in retail) but 15k at 2% for 12 months outpaces all the conventional one-year fixed savers (best one-year rate with banks is about 1.8% at the moment I think)