Savings

Saving with Palmerstown Credit Union

Whether you're putting money aside for something special, building a safety net, or simply planning ahead, regular saving is one of the smartest financial habits you can have. Saving with your credit union means your money works harder for you and for your community.

At Palmerstown Credit Union, you're not just a customer. You’re a member of a successful financial co-operative, owned by the people who save and borrow with us.

Why save with us?

Your savings are insured
Eligible savings are insured at no direct cost to you, giving you added peace of mind.

No hidden charges
No transaction fees. No surprise deductions. Just simple, straightforward saving.

Share in our success
As a member, you may benefit from an annual dividend when declared. The more shares you hold, the greater your potential return because when the credit union does well, so do you.

You’re an owner, not just an account number
Palmerstown Credit Union is a financial co-operative. That means it’s owned by its members people like you not external shareholders.

Your savings support your community
The money you save helps provide loans to other local members. Your savings stay working within the community, with €350,000 donated through our Community Fund since 2020.

Flexible, regular saving
Save what you can, when you can. Whether it’s a small weekly amount or larger lump sums, every contribution builds towards your goals.

Savings Cap reinstated to €100,000

In order to support the community, the Board of Directors of Palmerstown Credit Union decided on the 21st February 2024 to reinstate the savings cap to €100,000 per member (including Joint & Current Accounts).

State Guarantee Note €100k

The Deposit Guarantee Scheme is a permanent scheme, set up by law and operated by the Central Bank of Ireland. It protects deposits in the event that a bank, building society or credit union is declared insolvent or a liquidator declares that it cannot repay its deposits. If this happens, your deposits will be paid within 20 working days. The scheme is funded by deposits from the institutions covered by the scheme. If your institution is in the scheme, your deposits will be paid to you up to a maximum of €100,000. You do not have to be resident in Ireland or be an Irish citizen to claim under the scheme. As long as your deposits are held in an institution that is part of the scheme and your account is covered by the scheme, you can make a claim.

- See more at consumerhelp.ie.

We offer many services aimed at improving access to financial services and encouraging financial inclusion.