Savings Products

Your money is in safe hands

When you save with Kilcloon Credit Union, you can rest assured that your money is safe and sound! Whether you’re saving for something in the future or just for a ‘rainy day’, regular saving is a good idea. Regular saving with Kilcloon Credit Union is an even better idea.

Benefits of Saving With Us

At your Kilcloon Credit Union, you’re not just a customer, you’re a member of a successful financial co-operative

Our members avail of free life cover on savings up to €7,700.

There are no transaction charges or fees for members.

Savings up to €65,000 covered by Deposit Guarantee Scheme.

Savings balances are available to withdraw on demand.

If the credit union has a surplus, an annual dividend is paid to members.

Own shares in a highly successful, not-for-profit financial co-operative.

Saving with Kilcloon Credit Union

Share Accounts are the most flexible way to save – in branch, by direct debit or online. For members who take out a loan, some shares will need to be held as collateral against a loan.

Free Life Savings Insurance

This is the life insurance cover that we take out for all eligible members as an additional incentive to save regularly and maintain your savings. There is no direct cost to members.

The insurance is paid in addition to the savings you hold at the time of your death. The amount depends on the member’s age, how much you have saved over the years, and other terms and conditions.

Payment Methods

SEPA Payment

SEPA Payment

Direct Debit Payment

Direct Debit Payment

Online Card Payment

Online Card Payment

In Branch Payment

In Branch Payment

Savings Cap

Savings Cap

Our Savings Cap is currently €65,000. Please note however that this may change based on a number of variables including the interest rates imposed by The European Central Bank. And our obligation as mandated by The Central Bank to maintain a regulatory reserve of a minimum of 10% of their total assets.

This means that for every additional €100,000 of savings, we must allocate €10,000 from our surplus / profits to our Capital Reserve, which can effect the amount available to pay a dividend or interest rebate at year end and how much we can lend.

In the event of any change, we will notify all affected members accordingly. We will also update our wider community of members through our various communication channels.

Savings FAQs

Try out our FAQ’s section.

Are my savings safe?

Yes. The Deposit Guarantee Scheme protects depositors in the event of a bank, building society or credit union authorised by the Central Bank of Ireland being unable to repay deposits. Deposits up to €100,000 per person per institution are protected under the scheme.

Who can join Kilcloon Credit Union?

To become a member you must either: live in, work in, or attend school or college within the common bond, or be a member of the family of, and share the same household as, an existing member of the credit union.

How much can I save?

Save up to €65,000.

Are there any membership fees?

There are no membership fees. however we do charge a joing fee of €1.27. You must keep €10.00 in your account to be an active Member.

How can I access my account?

You can access your account in branch and register for our online banking and mobile app. www.kilcu.ie/register