Budget (Jam Jar) Accounts

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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 Partners 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. For more details, why not contact us, we’re always willing to help if we can.

So, if you want us to use your savings account to pay a Utility Bill, top up a Prepayment Card, make a regular Member to Member payment, or a regular Savings to Loan transfer, click on the button below, fill out the form and send it to us or drop it off at a Service Point, we’ll do the rest. Can’t print out the form? Then pop in to one of our Service Points and pick one up.

  • “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 Partners
  • Integration with Rent Direct scheme