Further Information

Easy and convenient ways to make deposits - over the counter, Paypoint, PCC housing offices, standing order or direct from your payroll.

All Savings are covered by life savings insurance: if a member dies before age 65 not only will their estate benefit from their savings but the insurance will pay out an equal amount, helping cover the cost of any funeral expenses etc. If the member is aged between 65 and 80 years the insurance will pay 25% of the value of the savings.

State benefit order books are being phased out and replaced by direct payment. If you don't already have a bank account or don't want your benefit paid into an existing bank account you can open a Credit Union Current Account to receive your payments.

Please Note
Portsmouth Savers is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.

The scheme provides compensation of 100% for the first £35,000. Portsmouth Savers are regulated by the Financial Services Authority and covered by the Financial Ombudsman Service.