You need to open a current account to apply for a business savings account:

• Visit any of our UK branches and meet a Relationship Manager
• Email us on: uk.business@Alliancecunion.com
• You can download and complete the account opening form:
  • For existing current account customers here
  • For new customers here

To qualify for Alliance Credit Union PlC’s Business Savings Account, applicants should:

• Hold a Business Current Account with Alliance Credit Union
• Produce satisfactory identity and address verification

Business Savings Account rates for amounts equal to or less than €5 million, effective from 20^th September, 2020 onwards

Business Savings Account rates for amounts equal to or less than €5 million, effective from July 17, 2017 to 19^th September, 2020

For amounts greater than €5 million the AER, Gross and Net interest rates are 0%

Business Savings Account rates for amounts equal to or less than €5 million, effective from June 06, 2016 to July 16, 2017

For amounts greater than €5 million the AER, Gross and Net interest rates are 0%

 *AER stands for annual equivalent rate. A notional rate which illustrates what the gross rate would be if interest was paid and compounded each year

**Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law

Click here for interest rates or Speak to a member of our bank staff.

For €1000 invested for 12 months at interest rate of 0.50% (AER), you'll earn approximately €5.01 interest (gross). This is applicable when amount is invested for complete year and the interest is not withdrawn from the account.

1. Who regulates us?

Alliance Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).

2. What should you do if you have a complaint?

If you want to make a complaint, please contact us at:

Customer Relations,
Alliance Credit Union,
2nd Floor, One Thomas More Square,
London – E1W 1YN
Or
Email us at ukcustomerrelations@Alliancecunion.com

We will then arrange for a member of the complaints team to investigate and respond to you immediately.

3. Are we covered by the Financial Services Compensation Scheme (FSCS)?

Alliance Credit Union is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a Bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.

In respect of deposits, from 30 January 2017, an eligible depositor is entitled to claim up to €85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be €85,000 each (making a total of €170,000). The €85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 41 43 508 5415 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.