Credit Union Divi

[rick184]

Just heard that Commsave are proposing a 2.5% dividend on savings AND a 2.5% rebate on loan interest paid. Fantastic return for savers and borrowers

http://www.commsave.co.uk" onclick="window.open(this.href);return false;

[Nigel1505]

I can't see any mention of this on Commsave website.

[Jambomatt1874]

Just heard that Commsave are proposing a 2.5% dividend on savings AND a 2.5% rebate on loan interest paid. Fantastic return for savers and borrowers

http://www.commsave.co.uk" onclick="window.open(this.href);return false;

So how does that work for loans? Is it current loans or paid off loans?

[nickbsmooth]

That's very good if that's the case, when compared to high street banks.

[rick184]

Just heard that Commsave are proposing a 2.5% dividend on savings AND a 2.5% rebate on loan interest paid. Fantastic return for savers and borrowers

http://www.commsave.co.uk" onclick="window.open(this.href);return false;

So how does that work for loans? Is it current loans or paid off loans?

The way I understand it is that for any loan interest you paid during their last financial year 1 Oct 2016 to 30 Sept 2017 you will get 2.5% back. This is on top of the dividend on your savings. But all has to be agreed by members at the AGM on 21st January.

[rick184]

Members voted for the divi and loan interest rebate at the AGM yesterday. It was in my account first thing this morning! Great service. http://www.commsave.co.uk" onclick="window.open(this.href);return false;.