Hi-Scot Credit Union Savers Ready For Christmas
28th November 2019

Christmas came early across the Highlands and Islands for members of HI-Scot credit union. Canny savers received their Christmas savings in November, leaving plenty of time to get their Christmas shopping done.
"This year, our members saved over £60,000 in total," said HI-Scot's General Manager, David Mackay, "That's a lot of selection boxes!"
The credit union's Christmas Savers scheme has been growing steadily every year, with more and more members realising the benefits of saving all year round for the festive season.
“We all know that Christmas is an expensive time,” David said, “Having money saved for the occasion could mean that our members aren't running up hefty credit card bills or dipping into their savings.”
The little elves at HI-Scot HQ pay out Christmas savings early in November each year, so members can enjoy a debt-free Christmas without the worry of huge bills in the aftermath of the festive season. With a Christmas Savers account, saving every month throughout the year really takes the stress out of Christmas shopping (and for lots of money-saving ideas for Christmas, check out HI-Scot's posts on Facebook and twitter from November!)
Saving for Christmas with HI-Scot is easy and safe. Unlike unregulated retail savings schemes, the credit union operates under the Financial Services Compensation Scheme, so members' money is always fully protected.
And it's never too early to start saving for Christmas 2020. Christmas Savers at HI-Scot can start putting money aside from December 2019, giving them a full year of saving before the big day next year.
For more information on opening a Christmas Savers account with HI-Scot, see: hi-scot.com/Christmas-Savers
hi-scot.com/Christmas-Savers
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In the Highlands and Islands, community spirit runs deep. From Shetland to Skye, from Caithness to Uist, people know the power of looking out for one another.
Many people want to save and help their community by making funds available at good rates from a local entity such as Hi-Scot Credit Union that covers Highland and Islands. Credit Unions encourage savings as well as offering affordable borrowing but lets take a closer look.
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Credit unions have been around a long time. Hi-Scot credit union covers the Highland and Islands and it is easy to save or borrow at good rates.
Saving money regularly can help improve sleep, a new report suggests. Putting a monthly amount aside, however small the sum, also helped people to relax and be more optimistic about the future, the study by academics at Bristol University found.
The latest information from the Bank of England shows that adult membership of credit unions across the UK is increasing. The total number of adult members has been steadily increasing.
3500 thousand credit union members save with Hi-Scot credit union. Starting to save in January will make things a lot easier by Christmas 2024.
At meeting of the board of the Hi-Scot Credit Union the directors agreed not to follow other institutions like banks to put up interest rates. Well worth checking what rates you can still get from a credit union.
Hi-Scot credit union covers the Highland and Islands and is a not for profit organisation helping more and more people. Hi-Scot has been growing slowly over recent years and now holds significant savings.