Peterborough shop is now closed

Our Peterborough shop is now closed due to dangerous state of the structure as reported in local news. We are in the process of signing a lease and fitting out our new shop in Peterborough but there will be a couple of weeks before it is ready, so we have a short period of closure […]

Post Office card account

The Post Office stopped opening new Post office card accounts in December 2015. Since then many card account holders have been requested to find other accounts.

New members

More than 700 new members have joined Rainbow Savers this year. Many, because they have been refused a bank account or have been told to find another account by banks and the Post Office .

Universal Credit update

30 of our members are now having their Universal Credit processed through Rainbow Savers.

Syrian refugees

We are working with Peterborough Council to help settle Syrian refugees. If you would like to help this cause, you can donate cash, cheques or bank transfers through the Rainbow Saver Peterborough shop. Please make cheques payable to ‘Syrian Refugee Donations’.

Universal Credit

8 of our members are having Universal Credit processed through the Credit Union. We are able to ring fence the part of Universal Credit that relates to Local Housing Allowance in a budgeting account and pay it direct to the landlord. Members can have the remainder of their money loaded on to one of our […]

Ramsey – a new point

Managed by Ramsey Neighbourhoods Trust. Junior savers only – adult accounts soon. See Contact – Ramsey for further details.

News Update

To give members updates on Credit Union matters, we will update news as frequently as practical on the website.

Further computer update

All computer systems have been refurbished and reinstalled. We are now up and running. The telephone is still very busy. Please use email if possible –

Computer update

The system is up and running again, but we are manually processing at the moment. Unfortunately, this is slower than normal. Tuesday is our busiest day with lots of small transactions. On the 14th of July we sent out over 350 payments, totalling £30,000 to members. The smallest payment was £3 and the largest payment […]