Integrated Credit Union Cash Fund

An Integrated Credit Union Cash Fund is a PIE alternative to a Savings On Call account, and may provide a better after-tax return than a Savings On Call account offering the same rate and fees - if you are on a 30% or 33% income tax rate.

Benefits at a glance

• Tax on your returns is capped at a maximum rate of 28%
• Higher balances earn higher returns (lower rates may apply for balances greater than £20 million)

• You can access your account balance whenever you like
• Easy to open and manage using internet banking

Is it right for me?

An Integrated Credit Union Cash Fund is worth considering if you’re on a higher income tax rate and you’re looking for the flexibility to access your account balance.

If your income tax rate is 30% or 33%, an Integrated Credit Union Cash Fund may provide better after-tax returns than a Savings On Call account offering the same rate and fees.

About Integrated Credit Union Cash Fund

Access your funds anytime

Invest additional funds or withdraw all or part of your account balance at any time. For a partial withdrawal, the remaining balance needs to be £500 or more. You can make a withdrawal by transferring your funds to another Integrated Credit Union account or as a bill payment to a nominated bill payee that you set up.

Tax advantages for higher incomes

An Integrated Credit Union Cash Fund account may have tax advantages for you if you are a UK resident on a 30 or 33% income tax rate. The Integrated Credit Union Cash Fund is a PIE Fund, which taxes your share of returns at a maximum rate of 28%.

Returns earned daily

Each Pound Sterling you invest buys one unit in interest-bearing deposits. Returns are earned daily and paid as additional units into your account monthly.

Higher returns for higher balances

For balances up to £20 million, tiered rates of return mean higher balances earn higher returns. Investments over £20 million may earn a lower rate.

Get started today

01. Log in

Log in to internet banking and go to 'Open & Apply'. Not yet with Integrated Credit Union or registered for internet banking? Join now.

02. Set up

Decide how much to invest, for how long, and how your interest or returns should be paid.

03. Confirm

Confirm the details and that's it. You're good to go.

04. Manage

Log in anytime to manage your investment.

Open an Integrated Credit Union Cash Fund now

Open online

Open online and we’ll get you up and running as soon as possible.

Open online

Call us

Give us a call. We’re open Monday to Friday, 7:30am to 8pm.

+ 442080404496

Visit a branch

Visit us at one of our many branches across UK.

Get more with Integrated Credit Union

Invest when it suits you

Whether you’re a night owl or an early bird, you can open and manage an Integrated Credit Union Cash Fund account any time with internet banking. Log in and check your balance or transfer money in or out of your fund.

Invest on the go

We’re there wherever you need us with the Integrated Credit Union Mobile app. Check your balance while waiting for a taxi or move money in or out of your fund while you’re shopping.

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Savings Plus

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We’re here to help you 24/7

Frequently asked questions

Manage your account