Members' share accounts

Share account information

As a member of Lincolnshire Co-op, we’ll automatically open a share account for you. To be a member the minimum share capital is £1. At the end of each year we pay out a dividend bonus. If you don’t have £1 in your share account at this time, we will automatically transfer this from your bonus. If the minimum amount has not been invested within 3 years, your membership may be withdrawn.  

The share account gives you the opportunity to invest in shares in Lincolnshire Co-op*. If you wish to use your share account you will need to provide proof of identity. Please contact us on 01522 781 135 (Mon-Fri 8.30am-5pm) and we’ll send you the relevant paperwork to complete.

*After 29th March 2019 you won't be able to invest cash or cheques in to your share account. You will be able to transfer dividend from your dividend card into your share account and make withdrawals.

Interest rates and withdrawals

Money invested in our share accounts will earn interest at the rates shown below which is calculated on a daily basis and paid in September each year.

Balance Interest rate**
£0 - £19.99 Nil
£20 - £20,000 0.25%

**Effective from 5th March 2017. Interest rates correct at time of publication - may be subject to change.

Money can be withdrawn from your share account at any of our members’ helpdesks subject to our rules and the following notice periods:

Withdrawal Notice
Partial withdrawal - £0 - £250 On demand
Partial withdrawal - £251 - £500 3 days notice
Partial withdrawal - £501- £20,000 1 weeks notice
Total withdrawal - any amount 2 weeks notice

Your investment is not covered by the Financial Service Compensation Scheme, as the Society (unlike banks and building societies) is not subject to prudential supervision by the Financial Conduct Authority.

Share account investments are currently withdrawable as set out above, without penalty. This is at the discretion of the Board and may be subject to change.  

Lincolnshire Co-op abides by a code of practice which requires us to provide a statement to our shareholders of the nature of their investment and any change affecting it. The position you occupy as a shareholder of Lincolnshire Co-op is no different from that of a shareholder in any corporate body in the sense that if Lincolnshire Co-op fails, you may not have all, or any of your investment returned to you.

If you have any questions regarding the code of practice please address them to Group Secretary, Lincolnshire Co-op, Stanley Bett House, 15-23 Tentercroft Street, Lincoln, LN5 7DB or email   

Members’ help desk locations:

Market Place, Gainsborough

Sincil Street, Lincoln

West Street, Long Sutton

Alternatively please contact our Membership team on 01522 781 135 if you wish to make a share account transaction.