Dividends

  • As a member benefit organisation, we can return any surplus profits to our members each year in the form of a dividend.
  • A decision is madeĀ each year at the Annual General Meeting.
  • In 2021 Citysave Members ratified the Board’s recommendation to pay a dividend for members who held shares in the year to 30th September 2020, of 0.25% . Dividend payments credited Members savings accounts in March 2021.
  • Dividend is paid on the average balance held during the year.
  • Please note that due to compliance with regulators, dividends on Child Trust Fund are paid 6th April annually.
  • Each member is responsible for declaring any dividend earned to the tax authorities as appropriate to their personal circumstances.