Savings Prime Account

Penny Post Prime Account

Open to members who have been with Penny Post Credit Union over 5 years.

Need to hold Regular Savings Account.

Members can save regularly (minimum regular weekly amount £10) or pay in lump sums.

Receive monthly interest (on or near 24th).

1.5% AER (variable).

Maximum savings in the account £10,000.*

No restrictions on withdrawals.

Interest paid gross.**

Annual Dividend is not paid on this account.*The maximum savings allowed in the account is £10,000. The maximum total savings for each member held in all Penny Post Credit Union accounts is £38,000. Where the interest would take the total over £10,000 it will be transferred into the Regular Savings Account.

**IMPORTANT Not taxed at source. UK tax payers will be liable for tax on this account. HMRC will be aware of interest payments. Account holders need to declare interest.

Contact Us
  • Penny Post Credit Union
  • Tel: 0333 332 1461
  • Email:
  • Web:
  • Address: North West Midlands Mail Centre, Sun Street, Wolverhampton WV1 1AA

Penny Post Credit Union was formed in 1996 as a joint project between Royal Mail, the Communication Workers Union (CWU), Communication and Managers' Association (CMA) and Welfare Services.
We are committed to providing an easy and safe way for our members to save and manage money.

Penny Post Credit Union
  • Tel:
  • Fax:
  • Email:
  • Address:
  • 0333 332 1461
  • 01902 877204
  • North West Midlands Mail Centre, Sun Street, Wolverhampton,
    WV1 1AA
Opening Hours
  • mon
  • tue
  • wed
  • thu
  • fri
  • 09:30am-04:00pm
  • 09:30am-04:00pm
  • 09:30am-04:00pm
  • 11:00am-04:00pm
  • 09:30am-04:00pm
Penny Post Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reg No. FRN213860