Rainy day

1 to 5 Account

A form of flexible Credit - "Ideal for Life's Emergencies"

Product information

Sometimes it's good to know that you have access to additional funds that could help you out when you need it most.

If you find yourself in need of an emergency loan, perhaps for car repairs, a boiler breakdown, or any potentially expensive situation that you can’t predict, then we probably have the best alternative to payday loans. The 1 to 5 Account is a loan up to a maximum of £5,000 which will be held on your account, ready to be transferred at a moment`s notice. You will not pay a penny in interest unless you access the loan and will then only pay interest on the amount that you withdraw. Loan repayments for the 1 to 5 Account will be credited back into the account so that you can access the funds over and over again.

  • Great competitive rate of 19.6% APR payable only on the amount you choose to withdraw
  • Free loan protection insurance (terms and conditions apply)
  • Interest is charged on your outstanding loan amount so will reduce with your decreasing balance
  • Continue to build your savings and earn a dividend whilst you repay your loan
  • No set up charges, early settlement charges or hidden fees

How to apply

Available to all members with an active Membership Savings Account

Members are unable to apply for the 1 to 5 Account through the website but they can contact us via email or telephone to request an application form or for more information about the 1 to 5 Account or loan options.

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