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
Related Businesses
Related Articles
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.
The figures were revealed as the government plans new rules for the sector, allowing it to deliver more products including car finance. Figures from the Bank of England show that credit unions are lending record sums to UK customers, as the cost of borrowing continues to rise.
Addressing credit union professionals at the ABCUL Conference last month, John Glen MP, Economic Secretary to the Treasury, highlighted the positive impact the sector have in communities across the country. The Minister thanked credit unions in his speech for "delivering services that your members, communities, and the country need...
As the world begins to hesitantly open up, it's no surprise that the past two years have taught us the value of shopping local. But have you ever thought about banking local? "A credit union is rooted in the community, especially as it is owned by its members and not external shareholders," said David Mackay, General Manager of HI-Scot Credit Union.
The Banking Protocol is a rapid response scheme that will enable credit union staff to alert police when they suspect a customer is being scammed. Police will attend the branch within the timeframe of an emergency response, enabling them to provide an effective customer intervention, secure evidence to enable them to investigate the potential scam and sometimes catch fraudsters in the act.
The history of credit unions in USA has been one of growth over many years. The public in many states seem to have moved in greater numbers and saved even more with their local credit union.