Deposit Accounts and Investment Management Providers
Thursday 19 February 2026
Credit Union Deposit Accounts and Investment Management Providers
This guide lists the business savings accounts which our research suggests are open to credit unions, detailing the deposit terms and the most recent interest rates offered. This list will be updated regularly and we will do our best to ensure the accuracy of the information below. However, this list is not exhaustive and the interest rates displayed are subject to change, so may not be available when applying for an account.
Offers may vary due to the size and term of the deposit, with the final rates subject to negotiation by credit unions. We would appreciate anyone with any information on interest rate changes and new accounts available to credit unions to get in touch with advocacy@abcul.org
Due to de-risking in the banking sector after the financial crisis, credit unions reported difficulty in finding accounts to invest their money in. ABCUL has successfully reduced banks’ liquidity requirements for credit union deposits under Basel III and the EU’s Capital Requirement Directive, working to expand the investments options available to credit unions. We now continually engage in discussions to tackle the unintended effects of de-risking for financial crime on the availability of accounts to credit unions.
In 2016 credit union prudential regulations were reformed which provided additional flexibility to engage in ‘additional investments’ (including investments up to 5 years) on meeting certain requirements. For more information, see ABCUL’s guide on additional activities here. You may also be interested in our guides on:
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Managing default risk to deposits (includes credit rating chart)
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Credit union investment providers
NB – Deposits in any of the accounts listed below are made at the credit union’s own risk and ABCUL cannot accept any responsibility for losses incurred as a result. Inclusion in this list does not constitute a recommendation. Investments should be made in line with your own policy and financial risks managed accordingly.
The Bank of England changed their base interest rate from 4.00% to 3.75% in December 2025. This decrease has contributed to the decrease in many of the providers’ interest rates. It could also see further decreases in the coming updates.
Aldermore
Implied Credit Rating: BBB (Fitch 30/06/2020)
Corporate Savings
| Account Name | Account Type | AER % |
| 1 Month | Fixed Term | Available on request |
| 2 Months | Fixed Term | Available on request |
| 3 Months | Fixed Term | Available on request |
| 6 Months | Fixed Term | Available on request |
| 9 Months | Fixed Term | Available on request |
| 1 Year | Fixed Term | Available on request |
| 18 Months | Fixed Term | Available on request |
| 2 Years | Fixed Term | Available on request |
| 3 Years | Fixed Term | Available on request |
| 4 Years | Fixed Term | Available on request |
| 5 Years | Fixed Term | Available on request |
No withdrawals are permitted before the maturity date. The minimum deposit amount for credit unions is £100k.
Case Study
Several credit unions had reported difficulty opening accounts with Aldermore back in 2015, however, after ABCUL contacted the appropriate department Aldermore began readily accepting credit union deposits. These accounts are advertised for balances between £1 million to £25 million – however, ABCUL negotiated an arrangement whereby Aldermore will accept deposits from credit unions for as little as £100,000.
Due to the frequent changing of rates, Aldermore will discuss rates directly with credit unions and will not publish the figures here for the foreseeable future.
For further information on Aldermore’s range of deposit accounts, please contact Ray Mariconda, Corporate Treasury Manager at the bank on 07721 129849 / ray.mariconda@aldermore.co.uk.
Arbuthnot Latham
Credit Rating: None Available
Summary of Financial Strength | Positive Impact Statement
Commercial Banking
Arbuthnot Latham has introduced a new account designed for credit unions. There is more information here and below:
Arbuthnot Latham Press Release
100- day Notice Account
| Account Balance | Annual Interest Gross/AER |
| £50,000 – £499,999 | 3.30% / AER* 3.35% |
| £500,000 – £999,999 | 3.40% / AER* 3.45% |
| £1,000,000+ | 3.50% / AER* 3.56% |
(Effective date: 2 June 2025)
Credit Unions – Instant Access Deposit Account
| Account Balance | Annual Interest Gross/*AER |
| £0-£249,999 | 0.10% / 0.10% |
| £250,000+ | 3.75%% / 3.82% |
[For balances of £250,000+ the interest is 0.25% below Bank of England Rate]
| Term of Deposit | Type of account | Size of Deposit | Gross Annual Interest % |
| 1 month | Fixed Term | £50k – £99,999 | N/A |
| 1 month | Fixed Term | £100k+ | 2.90%(was 3.00%) |
| 2 month | Fixed Term | £50k -£99,999 | N/A |
| 2 month | Fixed Term | £100k+ | 3.05%(was 3.30%) |
| 3 month | Fixed Term | £50k – £99,999 | 2.80%(was 3.10) |
| 3 month | Fixed Term | £100k+ | 3.30%(was 3.60%) |
| 6 month | Fixed Term | £50k – £99,999 | 3.05%(was 3.20%) |
| 6 month | Fixed Term | £100k+ | 3.55%(3.70%) |
| 9 month | Fixed Term | £50k – £99,999 | 3.10%(was 3.30%) |
| 9 month | Fixed Term | £100k+ | 3.60%(was 3.80%) |
| 12 month | Fixed Term | £50k – £99,999 | 3.15%(was 3.35%) |
| 12 month | Fixed Term | £100k+ | 3.65%(was 3.85%) |
| 24 month | Fixed Term | £50k – £99,999 | 2.90% (AER* 2.94%) |
| 24 month | Fixed Term | £100k+ | 3.40% (AER* 3.46%) |
For further information on Arbuthnot Latham’s range of deposit accounts, please contact Lee Summers, Senior Commercial Banker, on 020 7012 2594 / email LeeSummers@arbuthnot.co.uk
A Guide to Liquidity Management
Bank of Scotland
Credit Rating: A+ [affirmed] (Fitch 15/12/22), A+ [stable] (Standard and Poor’s 12/04/23), A1- (Moody’s 25/10/22)
| Term of Deposit | Type of Account | AER % |
| 32 day notice* | Notice | 1.87% |
| 95 day notice* | Notice | 2.66% |
| 3 months | Fixed Term | 1.31% |
| 6 months | Fixed Term | 2.05% |
| 9 months | Fixed Term | 2.05% |
| 12 months | Fixed Term | 2.04% |
| Maturity date – 07/10/2026 | Term deposit w/ fixed maturity date | 2.05% |
| Maturity date – 02/06/2027 | Term deposit w/ fixed maturity date | 2.04% |
*deposits from £10,000+ / No early withdrawals
Interest rates above expire on 8/05/25 and may be subject to change.
Cambridge and Counties Bank
Credit Rating: None available
Annual Results and Pillar 3 Disclosures
| Account Name | Account Type | Deposit Size | AER% |
| 30 Day Notice – Annual | Notice Account | £10k – £3m | 3.80% |
| 30 Day Notice -Monthly | Notice Account | £10k – £3m | 3.735% |
| 95 Day Notice – Annual | Notice Account | £10k – £3m | 4.20%(was 3.30%) |
| 95 Day Notice – Monthly | Notice Account | £10k – £3m | 4.121%(was 3.251%) |
| Account Name | Account Type | Deposit Size | AER% |
| 6 Month | Fixed Rate Bond | £10k – £5m | 4.25% gross/AER fixed (was 4.35%) |
| 1 Year Fixed Bond | Fixed Rate Bond | £20k – £5m | 4.15% gross/AER fixed (was 4.20%) |
| 18 Month Fixed Bond | Fixed Rate Bond | £10k – £5m | 4.00% gross/AER fixed (was 4.20% ) |
| 2 Year Fixed Bond | Fixed Rate Bond | £10k – £5m | 4.25% gross/AER fixed (was 4.00%) |
| 3 Year Fixed Bond | Fixed Rate Bond | £10k – £5m | 3.90% gross/AER fixed (was 4.10%) |
| 5 Year Fixed Bond | Fixed Rate Bond | £10k – £5m | 3.90% gross/AER fixed (was 4.10%) |
For more information you can contact Vicky Maidment, Assistant Product Owner – Savings. Email: victoria.maidment@ccbank.co.uk Phone: 0116 216 8292
The Co-operative Bank
Credit Rating: A3 [rating stable] (Moody’s 08/1/25)
| Account Name | Account Type | Deposit Size | AER% |
| Business Select Instant Access | Instant Access | £0 + | 1.06% |
| 35 Day Notice | Notice Account | £0 + | 1.56% |
| 95 Day Notice | Notice Account | £0 + | 1.93% |
No early withdrawals (i.e. you must wait 95 days for the notice account)
For additional information please contact their Co-operative Banking Relationship Manager Helen Healy helen.healy@co-operativebank.co.uk / 07801 908500).
These interest rates reduced across business saving accounts on 23rd April 2025.
| Account Type | Deposit Size | AER% |
| Instant Access – Bespoke Pricing | £0 -£5m | Base rate less 0.50% (variable) |
| Instant Access – Bespoke Pricing | £5m + | Base rate less 0.25% (variable) |
For additional information please contact their Credit Union Relationship Manager Jennifer Bolton Jennifer.Bolton@co-operativebank.co.uk /
07563 554471
Hampden & Co
Contact: Joe Martin, Associate Banking Director / Mark Plummer, Head of Private Banking, London
Email: creditunions@hampdenandco.com
Phone: 02038419922
Website: https://www.hampdenandco.com
Additional Information:
“Hampden & Co is pleased to offer deposit services to help Credit Unions manage their liquidity requirements over the short, medium, and long term.
Hampden & Co opened for business in 2015, becoming the first new UK private bank for more than thirty years. From our offices in London and Edinburgh, we serve the banking needs of individuals, their families and non-personal entities such as businesses, trusts, charities and now Credit Unions.
The Bank is profitable and self-funding from a capital perspective. Without a need to raise debt in the financial markets, we do not require a credit rating. Instead, independent treasury expert YourTreasurer, analyses and reports on the Bank’s financial strength. A copy of their due-diligence assessment is available on request.
The Bank does not participate in speculative trading in the markets. We maintain a strong Liquidity Coverage Ratio (LCR) and hold a significant level of high quality, highly liquid assets to meet any potential liquidity requirements.”
Indicative Rates as at 27 March 2026.
| Account Name | Account Type | Deposit Size | AER% |
| 1 Month | Fixed Term | £50,000-£249,999 | 2.99% |
| 1 Month | Fixed Term | £250,00-£999,999 | 2.99% |
| 1 Month | Fixed Term | £1,000,000-£2,999,999 | 3.01% |
| 1 Month | Fixed Term | £3,000,000-£9,999,999 | 3.16% |
| 1 Month | Fixed Term | £10,000,000+ | Please contact your banker |
| 2 Month | Fixed Term | £50,000-£249,999 | 3.04% |
| 2 Months | Fixed Term | £250,00-£999,999 | 3.06% |
| 2 Months | Fixed Term | £1,000,000-£2,999,999 | 3.08% |
| 2 Months | Fixed Term | £3,000,000-£9,999,999 | 3.23% |
| 2 Months | Fixed Term | £10,000,000+ | Please contact your banker |
| 3 Months | Fixed Term | £50,000-£249,999 | 3.26% |
| 3 Months | Fixed Term | £250,00-£999,999 | 3.28% |
| 3 Months | Fixed Term | £1,000,000-£2,999,999 | 3.39% |
| 3 Months | Fixed Term | £3,000,000-£9,999,999 | 3.54% |
| 3 Months | Fixed Term | £10,000,000+ | Please contact your banker |
| 6 Months | Fixed Term | £50,000-£249,999 | 3.54% |
| 6 Months | Fixed Term | £250,00-£999,999 | 3.56% |
| 6 Months | Fixed Term | £1,000,000-£2,999,999 | 3.62% |
| 6 Months | Fixed Term | £3,000,000-£9,999,999 | 3.78% |
| 6 Months | Fixed Term | £10,000,000+ | Please contact your banker |
| 9 Months | Fixed Term | £50,000-£249,999 | 3.72% |
| 9 Months | Fixed Term | £250,00-£999,999 | 3.73% |
| 9 Months | Fixed Term | £1,000,000-£2,999,999 | 3.78% |
| 9 Months | Fixed Term | £3,000,000-£9,999,999 | 3.94% |
| 9 Months | Fixed Term | £10,000,000+ | Please contact your banker |
| 12 Months | Fixed Term | £50,000-£249,999 | 3.74% |
| 12 Months | Fixed Term | £250,00-£999,999 | 3.80% |
| 12 Months | Fixed Term | £1,000,000-£2,999,999 | 4.05% |
| 12 Months | Fixed Term | £3,000,000-£9,999,999 | 4.20% |
| 12 Months | Fixed Term | £10,000,000+ | Please contact your banker |
Hampshire Trust Bank
Credit Rating: None available
Corporate Deposit Solutions
**They are now open taking new accounts**
The table below is the late interest rate they advertised on their website, which are no longer available so please be aware they could have changed since re-opening to taking new accounts.
| Account Name | Account Type | Deposit Size | AER% |
| 95 Day Notice | Notice Account | £100k – £5m | 4.50% |
| 6 Months Fixed Term | Fixed Term Deposit | £100k – £5m | 5.00% |
| 9 Months Fixed Term | Fixed Term Deposit | £100k – £5m | 4.50% |
| 12 Months Fixed Term | Fixed Term Deposit | £100k – £5m | 4.90% |
| 18 Month Fixed Term | Fixed Term Deposit | £100k – £5m | 4.20% |
| 24 Month Fixed Term | Fixed Term Deposit | £100k – £5m | 4.00% |
For more information please contact (corporatedeposits@htb.co.uk),or (Michael.Bruce-Sheridan@htb.co.uk / +44(0)20 7862 3010)
Metro Bank
Credit Rating: B [stable](Fitch 14/04/23)
Business and Community Deposit Accounts
| Account Name | Account Type | Deposit Size | AER% |
| Business Instant Access Deposit | Instant Access | £1+ | 0.85% (was 0.95%) |
| Account Name | Account Type | Deposit Size | AER% (monthly) |
| 1 Year Fixed Term | Fixed Term Deposit | £5k + | 3.20% (was 3.50%) |
| 2 Year Fixed Term | Fixed Term Deposit | £5k + | 3.10% (was 3.00%) |
| Account Name | Account Type | Deposit Size | AER% (monthly) |
| 35 Day Notice | Notice Account | £0 + | 1.50% |
| 60 Day Notice | Notice Account | £0 + | 1.74% (was 1.85%) |
| 95 Day Notice | Notice Account | £0 + | 1.98% (was 2.10%) |
No early withdrawals
*limited edition rate for instant access account from 10/11/2023. Please check all Ts&Cs
For more information please contact Qummy Tabor (Qummy.Tabor@metrobank.plc.uk / 07791 762 793)
Nationwide Building Society
Credit Rating: A+ [stable] (Fitch Nov 2024), A+ [stable] (Standard & Poor March 2024), A1 [stable] (Moody’s Sep 2024)
** DUE TO DEMAND THEY ARE NOT ACCEPTING NEW APPLICATIONS FOR THE RANGE OF BUSINESS SAVING ACCOUNTS – HENCE CURRENTLY NOT BEING DISPLAYED ON THE WEBSITE**
| Account Name | Account Type | Deposit Size | AER% |
| Instant Saver | Instant Access | £5k + | Earn up to 1.50% AER/gross p.a. (variable) |
| 35 Day Saver | Notice Account | £5k + | Earn up to 2.45% AER/gross p.a. (variable) |
| 1 Year Saver | Fixed Term Deposit | £5k – £10m | 3.60% AER/gross p.a. (fixed) |
Suitable for businesses with an annual turnover of under £10 million. No early Withdrawals
Credit Union accounts are now managed by the central team at Nationwide and can be contacted directly on: businesssavingsoperations@nationwide.co.uk
Shawbrook Bank Limited
Credit Rating: None Available – (Investor Information)
Money Market Deposits for Credit Unions
Bespoke Terms available on request
| Term | Deposit Size | Rate |
| Overnight | £500k + | Contact Shawbrook |
| 1 month | £500k + | Contact Shawbrook |
| 3 month | £500k + | Contact Shawbrook |
| 1 Year | £500k + | Contact Shawbrook |
You can contact Shawbrook via the Head of Money Markets Corporate Deposits, Sam Mackenzie-Carmichael, T: 01277 757 843, M: 07974 851316 or Sam.MC@shawbrook.co.uk.
Triodos
Credit Rating: BBB [negative] (Fitch 09/12/22)
| Term of Deposit | AER % |
| 6 months | 3.40% (Was 3.60%) |
| 12 months | 3.60%(Was 3.80%) |
£10,000+ Deposit – No early closure or withdrawals.
United Trust Bank Limited
Credit Rating: None available
| Type of account | Size of Deposit (min-max) | Gross AER% | Terms & Conditions |
| Easy Access Account | £5,000 – £3,000,000 | 3.50% Gross/AER | Instructions for same day withdrawal must be received by 2pm |
| Fixed Term Bonds | |||
| 3 Month Bond | £5,000 – £5,000,000 | 3.80% Gross / 3.85% AER | No early withdrawals permitted. Interest is paid on maturity |
| 6 Month Bond | £5,000 – £5,000,000 | 3.85% Gross / 3.89% AER | No early withdrawals permitted. Interest is paid on maturity |
| 1 Year Bond | £5,000 – £5,000,000 | 3.95% Gross/AER | No early withdrawals permitted. Interest is paid on maturity |
| 15 Month Bond | £5,000 – £5,000,000 | 3.95% Gross/AER | No early withdrawals permitted. Interest is paid after 12 months and at maturity. Interest can be compounded or paid back to nominated account |
| 18 Month Bond | £5,000 – £5,000,000 | 3.95% Gross/AER | No early withdrawals permitted. Interest is paid after 12 months and at maturity. Interest can be compounded or paid back to nominated account |
| 2 Year Bond | £5,000 – £5,000,000 | 3.98% Gross/AER | No early withdrawals permitted. Interest is paid annually. Interest can be compounded or paid back to nominated account |
| 3 Year Bond | £5,000 – £5,000,000 | 3.95% Gross/AER | No early withdrawals permitted. Interest is paid annually. Interest can be compounded or paid back to nominated account |
| 5 Year Bond | £5,000 – £5,000,000 | 3.95% Gross/AER | No early withdrawals permitted. Interest is paid annually. Interest can be compounded or paid back to nominated account |
| Notice Accounts | |||
| 30 Day Notice | £5,000 – £5,000,000 | 3.70% Gross/AER | 30 days’ notice required to access funds, notice can be given on part of the balance. Interest paid annually on 31st October |
| Tracker Easy Access | |||
| Deposit Solutions Easy Access Tracker | £100,000 – £1,000,000 | 3.80% Gross / AER | During the first 12 months a fixed introductory bonus rate of 0.80% will be applied to reward a rate of 3.80%. Once the 12 months have concluded no bonus rate will be applied, reducing the rate to 3.00%
The interest rate is variable and tracks at the Bank of England Base Rate (BoE) for the duration of the account. |
| Tracker Notice Account | |||
| 120 Day Notice Tracker | £5,000 – £5,000,000 | 3.75% Gross/AER | 120 days’ notice required to access funds, notice can be given on part of the balance. Interest rate tracks the Bank of England base rate up or down. Interest paid annually on 31st October. |
About United Trust Bank:
“We offer a wide range of deposit solutions to Credit Unions of all sizes from easy access accounts to fixed term deposits of up to 5 years. Credit Unions can choose to utilise a number of our solutions if they wish and we have a simple application process to make account opening quick and efficient. The Deposit Solutions Team are on hand to guide you through our solutions to find the best fit for your liquidity requirements. Please get in contact with us today to discuss!”
You can contact United Trust Bank via:
Steph Charsley – Head of Deposit Solutions: scharsley@utbank.co.uk / 07760788421
Niki Cole – Business Development Manager, Deposit Solutions: ncole@utbank.co.uk/ 07385404244
Unity Trust Bank
Credit Rating: None available
| Account Name /Type | Minimum/Maximum | AER |
| Instant Access | None/None | 1.96% |
| 30 days – Fixed deposit | £85k/None | 2.25% |
| 90 days – Fixed deposit | £85k/£10m | 2.35% |
| £10m/None | 2.45% | |
| 6 Month – Fixed deposit | £85k/£20m | 3.45% |
| 12 Month – Fixed deposit | £85k/£20m | 3.50% |
You can contact Unity through Dawn Morris, Deposits Relationship Manager (dawn.morris@unity.co.uk / 07540 159648)
“Unity Trust Bank aims to be the bank of choice and we have a commitment for safe and sustainable growth. We are one of the leading and socially motivated banks and your deposits help us to lend to organisations who deliver social impact. We are proud to support like minded organisations who share our vision of creating a better society”.
Virgin Money (Following Court approval on 23 February 2026, Virgin Money’s business is expected to become part of Nationwide on 2 April 2026)
Credit Rating (Clydesdale Bank): BBB- [stable] (Standard & Poor 07/11/22), BBB+ [stable] (Fitch 29/06/22), Baa1 [stable] (Moody’s 27/06/22)
| Account Name | Account Type | Deposit Size | AER% |
| Business Cash Management Account | Instant Access | £1+ | 1.10% |
| Business Access Savings Account | Instant Access | £1+ | 3.50% |
| 30 Day Business Notice Account | Notice | £1+ | 2.43% |
| 65 Day Business Notice Account | Notice | £1+ | 2.53% |
| 95 Day Business Notice Account | Notice | £1+ | 3.25% |
| 120 Day Business Notice Account | Notice | £1+ | 3.51% |
| 3 Month Business Term Deposit | Fixed Term Deposit Account | £5k – £25m | 1.91% |
| 6 Month Business Term Deposit | Fixed Term Deposit Account | £5k – £25m | 3.38% |
| 12 Month Business Term Deposit | Fixed Term Deposit Account | £5k – £25m | 3.70% |
| 18 Month Business Term Deposit | Fixed Term Deposit Account | £5k – £25m | 3.60% |
| 24 Month Business Term Deposit | Fixed Term Deposit Account | £5k – £25m | 3.50% (was 4.00) |
| 1 Year Business Fixed Rate Savings Account | Fixed Term Savings | £1 – £2m | 3.70% |
No early withdrawals (fixed term savings)
For more information please contact Hilary Carruthers (hilary.carruthers@cybg.com / 07483397503)
Regional
Monmouthshire Building Society
| Account Name | Interest Variable (AER/Gross) | Ways to Open |
| Business Access – Instant Access Account | 3.30% | Online, in Branch or Agency |
| Business Notice – Notice Account | 3.50% | Online , in Branch or Agency |
Credit Rating: None available
Postcodes covered: NP, CF, SA, LD, WR, GL, HR & BS
No early withdrawals
Loughborough Building Society
| Account Name | Account Type | Deposit Size | AER% |
| Instant Access Deposit | Instant Access | £10 -£750,000 | 1.10% |
| Access X4 Business | Business Deposit Account | £1,000 -£250,000 | 2.60% |
| 30 Day Notice Deposit | Notice Account | £1,000 – £500,000 | 2.20% |
| 60 Day Notice Deposit | Notice Account | £1,000 – £500,000 | 2.60% |
| 120 Day Notice Deposit | Notice Account | £1,000 – £500,000 | 2.75% |
________________________________________________________________________________________________________________________________
Investment Management Providers
Below we have listed providers of investment services which to our knowledge have advertised their services to credit unions. This list will be updated regularly and we will do our best to ensure the accuracy of the information below, however, this list is not exhaustive and we would appreciate if anyone with any further information would contact advocacy@abcul.org
NB – Investments made with any of the providers listed below are made at the credit union’s own risk and ABCUL cannot accept any responsibility for losses incurred as a result. Inclusion in this list does not constitute a recommendation. Investments should be made in line with your own policy and financial risks managed accordingly.
Credit unions need to ensure their own compliance with relevant PRA regulations before making an investment.
Brown Shipley
Contacts: Michael Smith
Email: michael.smith@brownshipley.co.uk
Phone: 07436 802357
Website: www.brownshipley.com
Brown Shipley says:
“We recognise the importance of using your cash reserves to generate the right level of income, growth and security to support your investment objectives. We will tailor our investment services to your exact needs and ensure they are in line with the Prudential Regulation Authority (PRA) handbook, and in particular, the credit union investment rules.
Brown Shipley is a UK authorised bank with a strong balance sheet and favourable capital adequacy ratios. Our business has evolved to meet the changing requirements of our clients whilst the bank’s business continues to be managed conservatively. The management of our clients’ funds and our own money as a bank helps us understand how to manage Credit Unions’ money in an appropriate manner.”
Minimum Investment: £500,000
Additional information: Brown Shipley credit union factsheet
Cascade
Contact: Anthony Tunmore / Surish Pal
Email: anthony.tunmore@cascade.co.uk / Surish.Pal@cascade.co.uk
Phone: 0191 481 3777
Website: https://www.cascade.co.uk/
About Cascade:
“Cascade is a transparent cash management service created to generate enhanced cash returns through professional cash management. The service has built proprietary software that optimises a cash portfolio to improve returns through access to the entire market, while also providing the ability to enhance depositor protection and professionally structure liquidity according to the bespoke parameters preferred. The service then provides ongoing support to ensure that the accounts held remain the best for each client, with timely notifications for better rate opportunities and accounts approaching maturity too.
We monitor one of the largest sterling cash datasets in the world, making it exceptionally easy to access the very best combination of accounts for whatever a clients desired. Our dataset is updated daily, recording and monitoring the intricacies of each and every account, for all providers, all client types and across all terms ranging from instant access up to five years.”
Causeway Securities
Contact: Brian Close
Email: b.close@causeway-securities.com
Phone: +44 7545 809 497
Website: https://causeway-securities.com/
About Causeway Securities:
“Causeway Securities is an independent brokerage authorised in the UK by the Financial Conduct Authority with a regulated presence in the UK, USA and South Africa.
We are responsible for designing and arranging bespoke Investment Plans for Credit Unions providing 100% capital protection.
We work with a panel of major banks such as Barclays, UBS, Goldman Sachs, RBC, Credit Agricole, and BNP Paribas to secure the most competitive investment rates as well as counterparty diversification for UK Credit Unions.
We have an extensive history of providing Investment Plans to the Ulster Federation and Irish League of Credit Unions and are delighted to extend our services to ABCUL members as an approved provider.”
Causeway Securities Issuer Panel
Causeway Securities work with a range of Tier 1 banks to secure the best pricing for our clients. Remaining independent means, we are not tied to any single issuer.
The Credit Rating for each is detailed below:
| Issuer | Moody’s Rating | S&P Rating | Fitch Rating | For more information on the Issuer visit: |
| Barclays | A1 | A+ | A+ | www.barclays.com |
| BNP Paribas | Aa3 | A+ | AA- | www.bnpparibas.com |
| CIBC | Aa2 | A+ | AA- | www.cibc.com |
| Credit Agricole | Aa3 | A+ | AA- | www.credit-agricole.com |
| Goldman Sachs | A1 | A+ | A+ | www.goldmansachs.com |
| Intesa SanPaolo | Baa1 | BBB | BBB | www. intesasanpaolo.com |
| Natixis | A1 | A | A+ | www.cib.natixis.com |
| RBC | Aa1 | AA- | AA- | www.rbcroyalbank.com |
| Société Generale | A1 | A | A | www.societegenerale.com |
| Standard Chartered | A1 | A+ | A+ | www.sc.com |
| UBS | Aa3 | A+ | A+ | www.ubs.com |
Source: Bloomberg, 8th April 2024
Indicative Investment Rates
The rates shown below are indicative and subject to change
| 1 Year | 2 YEARS | 3 YEARS | 4 YEARS | 5 YEARS | |
| Barclays (A1/A+/A+) | 3.50% p.a. fixed + (0.05% digital)* |
4.05% p.a. fixed + (0.05% digital)* |
4.30% p.a. fixed + (0.05% digital)* |
4.55% p.a. fixed + (0.05% digital)* |
4.75% p.a. fixed + (0.05% digital)* |
| BNP Paribas (Aa3/A+/A+) | 3.00% p.a. fixed + (0.05% digital)* |
4.05%p.a. fixed + (0.1% digital)* |
4.35% p.a. fixed + (0.15% digital)* |
4.70% p.a. fixed + (0.2% digital)* |
4.95% p.a. fixed + (0.25% digital)* |
| CIBC (A2/A-/AA-) | 2.80% p.a. fixed + (0.1% digital)* |
4.00% p.a. fixed + (0.1% digital)* |
4.20% p.a. fixed + (0.1% digital)* |
4.65% p.a. fixed + (0.1% digital)* |
5.00% p.a. fixed + (0.1% digital)* |
| Credit Agricole (Aa3/A+/AA-) | 3.25% p.a. fixed + (0.1% digital)* |
4.00% p.a. fixed + (0.1% digital)* |
4.25% p.a. fixed + (0.1% digital)* |
4.65% p.a. fixed + (0.1% digital)* |
4.90% p.a. fixed + (0.1% digital)* |
| Goldman Sachs
(A1/A+/A+) |
N/A | N/A | N/A | N/A | N/A |
| Intesa Sanpaolo
(Baa1/BBB/BBB) |
4.00% p.a Fixed | 4.15% p.a fixed | |||
| Natixis (A1/A/A) | 3.30% p.a. fixed + (0.1% digital)* |
3.80% p.a. fixed + (0.1% digital)* |
4.15% p.a. fixed + (0.1% digital)* |
4.40% p.a. fixed + (0.1% digital)* |
4.55% p.a. fixed + (0.1% digital)* |
| RBC (Aa1/AA-/AA-) | 2.65% p.a. fixed + (0.2% digital)* |
3.90% p.a. fixed + (0.2% digital)* |
3.85% p.a. fixed + (0.3% digital)* |
4.25% p.a. fixed + (0.4% digital)* |
4.50% p.a. fixed + (0.5% digital)* |
| Societe Generale (A1/A/A) | 2.95% p.a. fixed | 3.70% p.a. fixed | 3.90% p.a. fixed | 4.15%p.a. fixed | 4.15% p.a. fixed |
| Standard Chartered (A1/A+/ | 3.30% p.a. fixed + Quarterly step up 0.1% |
3.80% p.a.+ annual step up 0.25% | 3.85% p.a. + annual step up 0.25% | 3.80% p.a. + annual step up 0.25% | 3.70% p.a. + annual step up 0.25% |
| UBS (Size £1.5m) (Aa3/A+/A+) | 3.60% pa Fixed | 4.05%p.a. fixed | 4.20%p.a. fixed | 4.30%p.a. fixed | 4.40%p.a. fixed |
Source: The Credit ratings (Moody’s/S&P/Fitch) are as of 8 April 2024, Bloomberg.
| 1 Year | 2 YEARS | 3 YEARS | 4 YEARS | 5 YEARS | |
| Credit Agricole (Aa3/A+/AA-)
(All coupons paid at Maturity)** |
N/A | 3.85% p.a. fixed
+ (0.1% digital)* |
4.00% p.a. fixed
+ (0.1% digital)* |
4.25% p.a. fixed
+ (0.1% digital)* |
4.45% p.a. fixed
+ (0.1% digital)* |
| CIBC (A2/A-/AA-)
(All coupons paid at Maturity)** |
N/A | 3.70% p.a. fixed
+ (0.1% digital)* |
4.10% p.a. fixed
+ (0.1% digital)* |
4.50 p.a. fixed
+ (0.1% digital)* |
4.55% p.a. fixed
+ (0.1% digital)* |
| BNP Paribas (Aa3/A+/A+)
(All coupons paid at Maturity)** |
N/A | 3.85% p.a. fixed
+ (0.05% digital)* |
4.15% p.a. fixed
+ (0.05% digital)* |
4.40% p.a. fixed
+ (0.05% digital)* |
4.50% p.a. fixed
+ (0.05% digital)* |
| Barclays (A1/A+/A+)
(All coupons paid at Maturity)** |
N/A | 4.05% p.a. fixed
+ (0.05% digital)* |
4.25% p.a. fixed
+ (0.05% digital)* |
4.40% p.a. fixed
+ (0.05% digital)* |
4.55% p.a. fixed
+ (0.05% digital)* |
*Digital coupon paid at maturity (along with fixed coupon) if the underlying asset is at or above start level)
** All coupons paid at maturity rather than annually. (Rates shown have been annualised).
All these have 100% capital protection (subject to Issuer liquidity)
All rates were updated on the 30th of January 2025.
Imperial Treasury Services
Contact: Michael Scrivener & David Coverdale
Email: mscrivener@imperialtreasury.co.uk / dcoverdale@imperialtreasury.co.uk
Phone: 01992 945550
Website: www.imperialtreasury.co.uk
Additional Information: Factsheet
About Imperial Treasury Services:
“Imperial Treasury Services is an independent inter-dealer broker that assists clients with all aspects of their treasury activities. The treasury deposit service is free of charge and gives our clients a comprehensive overview of the market with regards to deposit rates available from various UK financial institutions regulated by the FCA, offering them the opportunity to increase yields as well as spreading counterparty risk”
Minimum Deposit: £250,000
Insignis Cash Solutions
Contact: Mario Paparelli
Email: mario.paparelli@insigniscash.com
Phone: 01223 200674
Mobile: 07305 127139
Website: https://www.insigniscash.com/
About Insignis Cash Solutions:
“Insignis offers active management of cash deposits to improve diversification and returns on your money. Benefit from a self-serve platform and named account manager to achieve your liquidity, security and return objectives.
- Ease – One short application form to get access to all current and future banks on the panel. View, manage and report upon all your cash deposits through our one platform.
- Choice – A growing list of 14 banks and building societies accepting Credit Union monies, offering terms from Instant Access to Notice Accounts to Fixed Term Deposits
- Security – Dual authorisation is available. Withdrawals are only sent back to your nominated account. You remain the beneficial owner of your monies at all times
Reduce risk by increasing the number of counterparties you use. Maximise returns by achieving an improved blended yield with market leading rates. Increase efficiency with only one platform needed to manage all your cash deposits.
Contact Mario to run through a demonstration, request a personalised portfolio illustration or arrange to open an account in as little as 48 hours.”
Minimum Deposit: £50,000 to open an Insignis Account, minimum deposits with each bank will vary.
Meteor Assets Management
Contact: David Northrop
Email: david.northrop@meteorconsulting.co.uk
Phone: 07805777586
Website: www.meteoram.com
Meteor says:
“Meteor is the oldest independent Structured Product and Deposit provider in the UK. We work with a range of retail and investment banks and are able to create bespoke products specifically to meet Credit Union requirements. All Banks that we work with are a minimum of A rated and are in the top 50 of the strongest banks in the world as measured by the FT Banker Magazine. In line with the 2016 change in regulation, all our products have a maximum 5 year term but have the flexibility of early encasement should it be required. We have created various products for NI Credit Unions. If you would like us to discuss your own specific requirements please get in touch”
Minimum Investment: Generally£500,000
Current Offer: Sterling Fixed Rate Deposits for Credit Unions
Three fixed rates deposits in partnership with QIB (UK) Plc:
1 year Fixed Term Deposit – 1.00% Expected Profit Rate
2 year Fixed Term Deposit – 1.20% Expected Profit Rate
3 year Fixed Term Deposit – 1.35% Expected Profit Rate
The above rates are as of 25th November 2021. Please contact David Northrop using the details provided above for further information.
For any queries on this page please contact Advocacy@abcul.org