Budget Accounts

We all know how difficult it can be to remember to pay all those bills. Just when you think everything is fine, a final demand letter appears for something you've forgotten, and you don't have enough cash to pay for it. And if it's something important like the council tax or water bill, you can be in serious trouble.

At City of Plymouth Credit Union, we can help you make sure these bills are paid with our Budget Accounts, also known as Jam Jar Accounts. You can split your savings up into different "jars", one for each bill that needs paying or for saving for something special. We can make sure that you get alerts should your savings fall too low and arrange for automatic transfers between "jars". We can even arrange that your Benefit payments or Universal Credit payments are paid directly into your savings account. You could also get all or part of your salary paid in, perhaps by using our Payroll Deduction scheme. This is especially useful when it comes to paying your rent, one of the most important regular payments you have to make. We can help even further here with our Rent Direct scheme.

If you think this service would be useful, contact us to see if we can help you.

  • "Jam Jars" to ensure critical bills are paid on time
  • Alerts if savings balance falls too low
  • Automatic transfers between jars
  • Pay Universal Credit or Benefits straight into savings
  • Integration with Payroll Deductions
  • Integration with Rent Direct scheme