Your funds stay accessible, withdrawable at any time, and put to good use
Open a Corporate Savings Account with as little as £1 and deposit up to £30,000
Helping local people avoid high-cost lenders, access fair credit, and begin saving for the first time
Protected by the FSCS
*eligibility applies
Open a Corporate Savings account
Make your money matter
At Hoot Credit Union, we believe in the power of people helping people. By opening a Corporate Savings Account, your organisation can support local financial well-being while keeping your funds safe and accessible.
Every pound you save helps someone in your community avoid high-cost lenders, build better money habits, and access fair, affordable credit. It’s not a donation – it’s a meaningful way to save, while making a real difference.
Hoot Credit Union
Why choose a Corporate Savings Account
Every £1 saved helps…
- Someone avoid high-cost or illegal money lenders
- A person start saving for the very first time
- Us deliver financial education across our local communities
In 2024 alone:
- £2,443,500 in loan interest was saved by Hoot members
- Over £1.9 million in fair, affordable loans were issued
- Hoot supported 6,700 members with savings, loans, and financial well-being support
- £2.6 million was held in total savings by the community
That’s the power of people helping people.
Protected by the FSCS
Your deposit is protected up to £85,000 by the Financial Services Compensation Scheme.* As a corporate member of Hoot Credit Union, you’ll also have a share in the co-operative – and may receive a dividend if we make a profit. You just need to keep at least £1 in your account to remain a member.
Most businesses are protected, but authorised financial services firms and public bodies are not.
Withdraw your savings to any UK bank account at any time…
There are no fixed terms or tie-ins. Your money is available when you need it – but while it’s with us, it’s working hard for the community.
Corporate Savings FAQ’s
How does my deposit help?
Hoot Credit Union is a community-owned co-operative. The savings we receive from members – including businesses like yours – are used to fund affordable loans and run well-being activities that help build financial resilience across the region.
Your deposit makes a real difference. It supports those struggling to access mainstream financial services, helps people improve their credit score, and gives them a second chance to take control of their money.
How do I open a Corporate Savings Account?
To open your account, your organisation must have a place of business or operate in one of these postcode areas: BL0–BL9, M25–M29, M38, M45 or M46.
The process is simple. If your application is successful, we’ll email your welcome pack within seven working days.
Is there a charge to open a savings account?
No. You just need to keep at least £1 in the account at all times.
Why do I need to keep £1 in?
This keeps your organisation registered as a corporate member of the credit union.
Are our savings safe?
Yes. Eligible business deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
Will we earn interest?
Not interest, but potentially a dividend. If the credit union performs well, members may receive a share of the profit based on their savings balance.
How do we manage the account?
Deposits and withdrawals are made by bank transfer. You can contact our friendly team for support any time.
Terms & Conditions
Hoot Credit Union is a member of the Financial Services Compensation Scheme (FSCS). Most businesses are protected, but authorised financial services firms and public bodies are not.
Savings are protected by the Financial Services Compensation Scheme
