Checking & Savings
Make your money work harder — with market-leading savings rates and flexible current accounts designed for UK members. As a not-for-profit credit union, we return our profits to you through better rates, not shareholder dividends.
Make your money work harder — with market-leading savings rates and flexible current accounts designed for UK members. As a not-for-profit credit union, we return our profits to you through better rates, not shareholder dividends.
All UK current accounts include a Visa® debit card, CASS switching guarantee, and full mobile banking. Switching is simple — we handle all the paperwork and guarantee no missed payments.
| Account | Monthly Fee | Overdraft Rate | Benefits | |
|---|---|---|---|---|
| Tamarack Free Our most popular account | £0 | 39.9% EAR | Debit card, mobile banking, bill alerts, £500 interest-free overdraft first 3 months | Open |
| Tamarack Rewards For frequent travellers | £9.50 | 29.9% EAR | 1% cashback on spending, worldwide ATM fee-free, comprehensive travel insurance, purchase protection | Open |
| Student Account Ages 18+ with valid student ID | £0 | 0% up to £2,000 | Interest-free overdraft, free ISIC card, railcard discounts, graduate loan offers | Open |
| Senior Account (60+) Exclusive benefits for members 60+ | £0 | 0% up to £500 | Priority phone line, in-branch assistance, no ATM fees worldwide, higher savings rates | Open |
Switch to Tamarack in just 7 working days. We move all your direct debits, standing orders, and salary payments automatically. Plus, receive £100 cashback when you switch using the Current Account Switch Service and deposit £1,000 within 30 days.
Use our savings calculator to compare returns across our range of accounts. Whether you're building an emergency fund, saving for a deposit, or planning for retirement, we have an account to match your goals.
Illustrative example only. Actual returns may vary. Fixed rate accounts require funds to be locked for the full term.
We consistently beat the high-street banks on savings rates because we return profits to members, not shareholders. All accounts are FSCS protected up to £85,000.
Allocate 50% of income to needs, 30% to wants, and 20% to savings. Our Regular Saver account is perfect for building that 20% habit automatically.
Read Our Guide →Use your £20,000 annual ISA allowance before 5 April. Unlike normal savings, ISA interest is completely tax-free — forever. Unused allowance doesn't roll over.
Maximise Your ISA →Before locking money in fixed bonds, build a 3-month emergency fund in our Easy Access account. Access instantly when life throws surprises.
Start Your Fund →Rates change. Lock in a fixed return before the next Bank of England decision. Ideal for lump sums you won't need immediate access to.
| Term | AER / Gross | Min Deposit | Max Deposit | Interest Paid | |
|---|---|---|---|---|---|
| 6 Months Fixed | 4.80% | £1,000 | £500,000 | At maturity | Open |
| 1 Year Fixed Best Buy | 5.10% | £1,000 | £500,000 | Annually or at maturity | Open |
| 2 Years Fixed | 4.90% | £1,000 | £500,000 | Annually | Open |
| 3 Years Fixed | 4.70% | £5,000 | £500,000 | Annually | Open |
| 5 Years Fixed | 4.55% | £5,000 | £1,000,000 | Annually | Open |
Fixed rate bonds guarantee your interest rate for the entire term, protecting you against Bank of England rate cuts. However, you cannot withdraw funds early (except in exceptional circumstances with 90 days' notice and interest penalty). Consider laddering your deposits — splitting savings across 1, 2, and 3-year bonds — to maintain some flexibility while maximising returns.
FSCS protected up to £85,000 per person, per institution. Joint accounts receive £170,000 protection. All rates subject to change. Terms and conditions apply.
Joining Tamarack Credit Union means becoming a member-owner, not just a customer. This brings exclusive benefits beyond competitive rates.
Based on £10,000 deposit. Rates accurate as of April 2026. Actual returns may vary.
Open a savings account in under 10 minutes entirely online, or visit our Carlisle branch for face-to-face support. Your future self will thank you.