Saving Accounts for smarter saving.

Whether you’re saving for something in the future or for a ‘rainy day’, regular saving is a good idea. When it’s with Member First Credit Union, it’s an even better idea. With us, you’re not just a customer. You’re a member and part-owner of a successful financial cooperative. How about that for a feather in your cap? There’s also the bonus of knowing that your savings are being used to make loans to other members. Members just like you.

Share Account

The Share Account is the most popular of saving account we offer. Each member of Member First Credit Union holds shares, making them part-owner of the credit union. Every share earns a dividend, which is the return you earn on your savings, paid out of the surplus income of Member First Credit Union every year.

Of course you’ll want to join. Here’s how to

1
Fill in an application form available online or in branch

2
Provide the required documents (proof of address, photo ID and PPS numbers). It only costs €1 to join, and you have to lodge €5 to activate your account

3
Your application will be sent for approval. You’ll get your account details in the post

Other Deposit Accounts

Once you join and open a share account you may be eligible to open one of our deposit accounts below, subject to terms and conditions. Contact your local branch for more information.

CU Cash Account

This is an on-demand non-interest earning account. There is no minimum amount that members have to save. You can lodge and withdraw savings from this account at any time, as they are not held against a loan. What’s more, there are no penalties and no charges.

 

How do I open one of these accounts?

 

You need to have a share account with the Credit Union first before being eligible to open this account. Call in or contact us on the details below and we’ll talk you through all of the details and terms & conditions. Please note though, you may be asked to provide proof of your PPSN and photo ID.

Xmas Savings Account

Christmas can be an expensive time, but with our Xmas Saving Account you have a whole year to prepare for it! Start saving even a little every week, and watch it grow.

 

This is an on-demand non-interest earning account, and separate to your other Member First Credit Union accounts. It’s easy to set up, and there are no fees.

 

  • Make lodgements directly by visa debit, payroll deduction, direct debit, cash payments or use your children’s allowance payments
  • Access your money from the 1st November to 31st January
  • Your Xmas Saving Account will not close following the payout date and you can continue to save for the following Christmas

 

 

How do I open one of these accounts?

 

You need to have a share account with the Credit Union first before being eligible to open this account. Call in or contact us on the details below and we’ll talk you through all of the details and terms & conditions. Please note though, you may be asked to provide proof of your PPSN and photo ID. But do it soon, because Christmas is coming!

Ways to save.


Electronic Funds Transfer

Using your Credit Union account IBAN & BIC you can easily transfer funds into your Credit Union account

Direct debit

Complete a direct debit mandate form available in-branch or online under our downloads section

VISA/Debit Card.

Make a deposit over the phone using a VISA/Debit Card. Our dedicated Member Service Centre is ready to take your call on 01-8513400

Over the counter.

Simply call into any branch and pay over the counter. We have 6 Branch locations across North Dublin

Other Information about our Saving Accounts

DIRT

 

Note that all dividends earned are subject to DIRT. The dividend is posted net to the account every year, which means you will have no further tax liability on this income and there are no Revenue reporting requirements or member declarations attached to this account. This can represent a saving to some members who would normally be liable for tax at the highest marginal rate.

 

Savings Limit

 

The maximum you can have in your shares is €60,000 or a total overall amount of €60,000 combined between all accounts held with us.

 

Deposit Guarantee Scheme

 

All of the savings of our members are guaranteed up to a maximum of €100,000 under the Government Deposit Guarantee Scheme. Information on the scheme is available at depositguarantee.ie.