University Savings for Parents

Here at Moneywise, we aim to make fair and affordable finance accessible for as many people as possible.

University is a once-in-a-lifetime experience. If you’re a parent, sending your child off to university will fill you with pride – but this doesn’t change how costly it can be.

On top of tuition fees, students need to account for living expenses – such as food, books and more – whether they’re living at home or in accommodation. This can all amount to a large sum if you’re not prepared for it.

As a parent, you want to be able to help them as much as you can. Opening a university savings account is one of the best ways you can do that. Start as early as you like and contribute as and when you can to give your kids the best chance of success at university.

To apply you must:

  • Be aged over 18
  • Agree to Moneywise Credit Union rules

How do I open a University Savings account?

When you join as a member you will receive an account number so you can start saving straight away. Our friendly team will help you through the simple application process at any of our local service points. Or you may also apply online.

Open your University Savings account today.

Still have questions?

The frequently asked questions page should give you all the information you need but if you want to find out more please give us a call on 0330 165 5337.

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Be Moneywise…

Payroll Savings

Saving with Moneywise is easy through payroll deduction. Your regular deduction comes straight from your salary so you won’t even notice it.

Smart Cash Childrens Account

You can become a member of Moneywise from birth so it’s a great place to put a little aside for your children and grandchildren. If you are between 8-16 years you also check out the Moneywise Smartcash card, a Visa debit card for young people.

Savings FAQs

You might find it helpful to check out the kind of questions that our customers frequently ask us. You can also submit any other questions you might have.

Apply Right Now

Membership is open to all who live and work in the Tyne and Wear, County Durham, Teesside or Northumberland region.

Joining Moneywise is free, subject to a £1 annual membership fee,  all we ask is that you save regularly to support our funds for lending. We only lend to members so you can be confident your savings are being used to support like-minded individuals.

South Tees Community Bank

South Tees Community Bank and Moneywise Credit Union Ltd merged into one business in December 2017. Moneywise is the regulated name and South Tees Community Bank is a trading name of the merged organisation.

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