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Savings Why save with Comhar Linn INTO Credit Union Ltd.?

Members come together in a Credit Union for two main reasons:

  • to set up a means whereby they can save with security on a regular basis.
  • to provide loans to members from this fund of savings.

Without savings the Credit Union cannot function. Regular Saving is a key element of good financial planning. The Credit Union encourages the habit of regular saving as it gives the member financial security and provides a financial cushion when the unexpected need arises. Shares held in a Share Account can be withdrawn or pledged as security for a loan, while funds held in a One Year Term Deposit Account can be pledged as security for a loan.

Benefits

  • Your savings provide you with financial independence.
  • Entitles you to apply for a loan when the need arises.
  • Easy ''on demand'' withdrawal of savings (once not pledged against a loan).
  • Deduction at source facility for teaching and retired teacher members.
  • Comhar Linn provides free Life Savings Insurance on savings up to a maximum of €13,000 for eligible members.
  • Your savings are eligible for a Dividend
  • Your savings up to €100,000.00 are guaranteed under the Deposit Guarantee Scheme.
  • There are no transaction charges or fees.

Saving on a regular basis will very quickly accumulate into a substantial nest egg. For example, if each fortnight you save:

Savings Amount: €25.00 €50.00
Savings after 3 years €1,950 €3,900
Savings after 4 years €2,600 €5,200
Savings after 5 years €3,250 €6,500

Note: This table does not include return on savings (Dividends) which would increase the totals

Find out more

How to Pay into your savings

ABOUT US
Serving the financial needs of INTO and RTAI members and their families.
Contact Us
  • Comhar Linn INTO Credit Union Limited
  • Tel: 1850277377 / 8731101
  • Fax: 01 873 3253
  • Email:
  • Web: www.comharlinnintocu.com
  • Address: 33 Parnell Square, Dublin 1
Opening Hours
Mon: 10.00am - 5.00pm
Tue: 10.00am - 5.00pm
Wed: 10.00am - 5.00pm
Thu: 10.00am - 5.00pm
Fri: 10.00am - 5.00pm
Sat: Closed
Comhar Linn INTO Credit Union Limited is regulated by the Central Bank of Ireland. Reg no: 393CU