It’s that time of year when, with Christmas over and the winter still biting, lots of people start to think about their summer holiday. Whether you’re going to jet overseas for a fortnight in the sun, or just take a quick break in the UK, the chance to enjoy a change of scenery and recharge the batteries is something which many families treasure.
There’s no getting away from the fact, however, that many people experience difficulties finding the money to pay for a holiday. Once the bills have been paid and the necessities purchased there’s often very little left over, and the idea of being able to raise the larger sums needed to cover all the costs involved in a holiday can seem like a distant dream. After all, a holiday of any kind will involve the costs of transport, accommodation and spending money with the last of these, especially, being even higher if you’re planning on taking children with you. What people on slightly lower incomes need is a safe place to save any money which they do manage to set aside, enabling just a small amount each week or month to build to enough to spend on a holiday.
A credit union is just such a safe place. Unlike an ordinary bank, a credit union is a not for profit organisation run for the benefit of its’ account holders and the wider community. Initially run by volunteers, many credit unions are now run by full time members of staff which offer many of the products and services of a standard bank. As such, an easy access account within a credit union is the perfect place to put money aside in order to pay for your summer holiday. Unlike some organisations, credit unions don’t hit account holders with expensive charges and they are also on hand to offer help on building savings, paying bills, organising finances and even borrowing money.
The key to the appeal of an holiday savings account is that it keeps your money safe on a day to day basis and allows you to save while still making sure that you can get hold of funds should you need them. An emergency such as a broken washing machine or an MOT bill might mean you have to dip into your holiday savings, for example, and an easy access account will make sure this is a simple thing to do. Not only that, but the credit union will also be able to offer help on building your savings up again, and this might even involve taking out a small loan.
A credit union loan will be offered at interest rates which are more attractive than some available elsewhere, because the rates are calculated on a not for profit basis, in order to give the best possible deal to the account holders. By looking at your easy access account and other financial details, the credit union will be able to work out exactly how much you can afford to borrow and repay, and will only lend an amount which you can comfortably handle.
If you’re looking for a holiday savings account designed to make saving for your summer break as simple as possible, then look no further than a credit union easy access account. Your money will be there if you need it, and the account itself will be backed up with the support offered by the rest of the credit union. Open your easy access account today and, before you know it, you’ll be buying a bucket and spade and packing your cases.