Savings Accounts

SAVINGS ACCOUNTS

• Regular Share accounts
• The credit union share is the most common form of saving in a credit union. This account pays a dividend annually and you have 100% access to your savings (up to certain limits if you have a loan with the Credit Union)
• Special Term accounts
• The Special Term Account offers a tax efficient savings option to credit union members, subject to certain terms and conditions. There are two types of Special Term Account: Medium Term Account & Long Term Account. Term accounts also pay a dividend but are exempt from D.I.R.T tax up to certain conditions.
• CU Cash Account
• The CU Cash account is opened when an ATM card is issued. This is a separate balance from your shares, and can be used to withdraw money either at the ATM or at the counter. Money held in the CU Cash account is not considered collateral against loans, so it provides the member with flexibility where there is a loan on the account.
• Saving Stamps
• Savings stamps are an additional form of saving offered by Naas Credit Union. They are particularly attractive to very young members.
• Members also receive the benefit of free Life Savings insurance and can nominate a person or persons to receive their Credit Union assets on death. Click on the links for more details.

The Special Term Account offers a tax efficient savings option to credit union members, subject to certain terms and conditions. There are two types of Special Term Account: Medium Term Account & Long Term Account. Term accounts also pay a dividend but are exempt from D.I.R.T tax up to certain conditions.