03/06/2026
Money Unpacked is back! We think finance should be simple - so we're here to make it that way with our handy 'jargon buster' series ๐ก๐ฐ
Ever heard the term dividend and wondered what it means?
At a typical high street bank, all profits go to their shareholders. But a credit union like Citysave is different - we're owned by our members, not external shareholders.
This means that if we make a profit, we can split it between our members so everyone gets a cut. It's essentially a small reward on your savings that helps you earn even more.
๐ Found this helpful? Let us know in the comments if there are any other terms you'd like us to explain.