Regular Share Account
Regular Share Account
When it comes to saving, we’re different. You’re not just saving for yourself, but to help your fellow members borrow for their dreams too! So, we really are about people helping people. What a nice way to save!
When you open a Share Account with us you are a member, not a customer. This means that you are a part owner of the Credit Union with equal rights to vote and participate in decisions affecting our Credit Union. As a member with a Share Account you will receive a dividend, if declared, on your savings, and be able to borrow at great rates for whatever your dreams in life.
Please note that Life Credit Union has introduced a limit on savings of €20,000 per member. The limit is based on the person not the account. So, each member is limited to a maximum of €20,000 of combined savings across all accounts held with Life Credit Union e.g. Single Share account, Joint Share Account (50%), CUcash Account and Current Account.
ANNUAL DIVIDEND
Our way of paying a little interest!
NO FEES OR CHARGES
Nothing. Zilch. Zero.
Free Savings Insurance
For extra piece of mind
NOMINATIONS
A Nomination is a legally binding, written instruction that tells us what to do with your money after your death.
The Nomination service is very valuable to members, and allows access to funds (max €23k) by the nominee within a very short period of the death of the member.
DIVIDENDS & DIRT TAX
Savings with us are liable for DIRT tax at 33%.
From 1st January 2014 all credit union share dividend and deposit interest paid to members will be subject to DIRT, with the exception of dividend or interest paid to members who are exempt from DIRT.
DEPOSIT GUARANTEE SCHEME
The Central Bank of Ireland is responsible for administering the Irish Deposit Guarantee Scheme which provides protection to depositors in the event of a credit institution failing. Deposits up to €100,000 per person per institution are protected and compensation would be payable to eligible depositors within 20 working days.