Savings

Save With Your Credit Union

Whether you’re saving for something in the future or just for a ‘rainy day’, regular saving is a good idea. Start saving with Donore Credit Union today!

Benefits of Saving With Us

At your credit union, you’re not just a customer, you’re a member of a successful financial co-operative

Savings balances over and above any loan balance are available to withdraw on demand.

Free additional savings cover on savings up to €5,000 (subject to terms and conditions).

There are no transaction charges or fees.

The State’s Deposit Guarantee Scheme fully protects the first €100,000 of a member’s savings.

Our Savings Policy

Your savings in a Credit Union are called your shares. Each share is worth €1.

Members own the credit union - each member has an equal voting right, regardless of the amount in shares. So whether you have €0 or €30,000 in shares with us, you have an equal say in how the Credit Union is run. Your shares are used to provide loans to other members. You can also benefit from lower loan rates if your loan is completely secured by your shares. By saving regularly with us, you not only help yourself, you also help your community. You may receive a dividend on your shares, if declared, after the AGM each year.

Christmas Savings Club

Members are also encouraged to save for Christmas and to this end a Christmas Club Account is available to all members. This type of account attracts no interest or dividend as the savings are withdrawable on demand and are never collateralised against a member’s loan.

  • Not liable to interest.
  • Complete access - usually at Year End.