Safe, Easy Savings
For now, for future, or for a rainy day – we’ve got you covered!
Safe, Easy Savings
For now, for future or for a rainy day – we’ve got you covered!
Kick start a savings habit with a savings account with Life Credit Union. Whether you are saving for a house, a holiday or for a rainy day, regular savings is a great idea. Our savings account is an easy access account that is available at no cost, so all your money goes to savings, not fees & charges! Plus, there’s the added bonus of knowing that your savings are being used to allow other members in the community, just like you, to borrow.
Why Life CU For Saving?
- Free Life Savings Insurance*
- No fees and charges
- Easy Deposits in a Way That Suits You
- 4 Branches with Face-2-Face Service
- Online Banking and Mobile App 24/7
- Potential to Earn a Dividend at End of Year
SAVING LIMITS
We currently operate the following savings limits on our accounts:
- Maximum Savings of €50,000 per account
- Maximum Savings per member of €100,000 across all accounts
- Maximum monthly lodgement per juvenile member of €3,000
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LIFE SAVINGS COVER
FREE Life Saving Insurance Cover is provided to all eligible members as an additional incentive to save regularly and maintain savings with Life Credit Union. It means your dependents will receive a financial sum up to €1,000 in the event of your death.
Nominations
A Nomination is a legally binding, written instruction that tells us what to do with your money after your death.
DIVIDENDS & DIRT TAX DEPOSIT GUARANTEE SCHEME
From 1st January 2014- all credit union share dividend and deposit interest paid to members
will be subject to DIRT.
Deposit Guarantee Scheme
The Irish Deposit Guarantee Scheme which provices protection to depositors in the event of a credit institution failing.
PSD2
Find out more details about making payments with Life CU in the Payment Services Directive 2 Framework Contract
