Member Account
Start your family’s savings pot with a little as £5 monthly, nurturing consistent savings habits.
Member AccountSaving money can be challenging, especially when trying to balance your budget. According to the Money and Pensions Service, 14 million people in the UK have less than £100 saved for emergencies. This is why we encourage our members to grow their savings each month.
Whether you’re saving for a holiday, starting to put money aside for Christmas, or simply preparing for unexpected costs (e.g., car repairs), having savings is crucial. Having a savings pot to fall back on can also help prevent you from turning to payday lenders and other forms of high-interest credit.
At No1 CopperPot, we encourage all our members to save. Explore and compare our range of convenient savings accounts.
A useful way to visualise your potential savings is through our handy calculator below. You can set a target amount to see how long it would take you to reach your goal, or set a timeframe to find out how much you need to save each month to achieve your objective. Start planning your financial future with a big-picture view using our savings calculator before then refining the finer details.
How much can you afford to save each month?
Savings after 6 months
£0
Savings after 1 year
£0
Savings after 3 years
£0
Savings after 5 years
£0
Tips and tools to save money
Achieving financial stability and reaching your future goals often starts with increasing your monthly savings. Here are some practical tips to help you save more each month:
Track your expenses: Keep a detailed record of all your spending to identify areas where you can cut back.
Set savings goals: Define clear, achievable savings targets for both the short and long term.
Allocate savings first: Treat your savings like a bill. Set aside a fixed amount each month before spending on other items.
Use our Budget Planner to help you manage your monthly spend.
Review subscriptions: Cancel any subscriptions or memberships you no longer use.
Cook at home: Reduce dining out and prepare meals at home to save on food costs.
Be mobile smart: Shop around and find the best deal on your mobile contract. Numerous mobile comparison sites can help you find the best deal for your needs. You can also save by switching to a SIM-only plan after your current contract expires while keeping your existing handset. You can find fantastic deals starting at just £5 per month!
Use payroll deduction:Â Opting for payroll deduction is a smart financial strategy that helps individuals avoid the temptation of spending their savings. By directly depositing a portion of your pay into your savings account, you can build your savings effortlessly and consistently without the risk of using that money for impulsive purchases.
Energy efficiency: Use energy efficient appliances and light bulbs to reduce monthly electricity bills.
Temperature control: Get a smart meter and see how much gas and electricity you’re using and send those readings automatically to your energy supplier.
Debt Consolidation: Debt consolidation combines all your existing debts into one loan, ideally with a lower interest rate, resulting in a single monthly payment. This can reduce monthly payments and increase disposable income, but you might pay more overall if the interest rate is higher or the term is extended. Banks, building societies, and credit unions offer debt consolidation loans to help manage your finances. You can use our Debt Calculator to see if combining your current debt and applying for our Consolidation Loan would be cheaper for you.
Discounts and vouchers:Â Many websites offer discounts on cinema tickets, weekend getaways, and more. It’s always worth researching before paying full price. Popular platforms include Groupon, Wowcher, and ItIsOn. Additionally, your mobile phone provider may offer discounts and benefits, so check their website to see what you can take advantage of.
Track progress:Â Regularly review your savings progress to stay motivated.
Reward yourself: Set milestones and reward yourself when you achieve your savings goals.
Slater House, Oakfield Road,
Cheadle Royal Business Park,
Cheshire, SK8 3GX
Cheadle Royal Business Park,
Cheshire, SK8 3GX
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Number One Police Credit Union Limited trading as No1 CopperPot Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number (FRN) 213301. For details visit http://www.fca.org.uk