About your share account

When you become a Member of the Channel Islands Co-operative Society, an A Class share account will be opened with your £1 and you will become a shareholder.

You will earn dividend on qualifying products or services with us which will then be paid into your A Class share account as a lump sum after the declaration of dividend at the Annual Meeting of Members.

Paying into your share account

You can pay completed dividend stamp cards, cash or cheques into you’re A Class share account, all of which will earn you interest and will be paid in January. The maximum balance you can hold in this account is £25,000. Any balances over £25,000 will be posted to you in the form of a cheque.

Withdrawing from your share account

You can withdraw any money you have available in your A Class share account at any time from our Post Office Counters, however you will need to leave in a minimum of £1 in order to continue to be a Member. Click here for details of our opening times.

Longer-term Saving

Members can also benefit from the Society’s B Class share account, which offers a higher rate of interest on balances from £1,000 to a maximum of £75,000.

Please note all withdrawals from a B Class share account are subject to a 90 day wait period. 

Interest rates

Rates of interest as of Monday 11 January 2021:  

A Class Shares and Loan* Accounts


Interest Rate 

£1.00 to £1,000.00                          

0.00% per annum

£1,000.01 to £5,000.00                  

0.10% per annum

£5,000.01 to £10,000.00               

0.10% per annum

£10,000.01 and over                      

0.75% per annum

 *Loan accounts are no longer available


B Class Shares


Interest Rate

£1,000.00 to £75,000.00                          


If you are paying into your share account for the first time or making a withdrawal, you will need to take with you:


One of the following forms of Photographic ID:

  1. Current Passport
  2. National Identity Card
  3. Full, Photographic Driving Licence
  4. Armed Forces Identity Card
  5. Birth Certificate


One of the following dated within the last three months:

  1. Recent household or utility bill
  2. An original of a recent letter from an employer on headed paper
  3. An original of a recent official letter from a States’ Department or Parochial Authority, e.g. a letter from the Tax Office, or Jersey / Guernsey registered law company
  4. Recent Bank or Credit Card Statement


Code of Practice to Shareholders

This Society abides by a voluntary code, the Corporate Governance Code for Consumer Co-operative Societies: 2013 (the “Code”) which governs Co-operative Societies. The code requires us to provide a statement to its shareholders explaining the nature of their investment and any change affecting it.

The position you occupy as a shareholder of the Channel Islands Co-operative Society is no different from that of a shareholder in any other corporate body because if The Channel Islands Co-operative Society fails, you may not have all, or any of your investment returned to you. Your investment is withdrawable without penalty at the discretion of the Board.

Although not subject to formal prudential supervisions, a condition of the Society’s exemption under the Banking Business (Jersey) Law 1991 is that the Society’s Auditor must report annually to the Jersey Financial Services Commission that deposits with the Society to not exceed 100% of its most recently published capital and reserves.

You can view our latest audited statements by using this link.


Our Privacy Policy

We take your privacy seriously and are committed to maintaining the privacy and security of your personal information.

We will only hold personal data about you which is essential to managing your membership allowing you to exercise your rights as a Member to comply with legal requirements.


It is important that you know what information we hold about you, what we use it for and how we protect it. You can view our Privacy Policy in full by clicking here.