Savings

Savings Limit

From April 1, 2021, a €20,000 savings cap per member was introduced due to a sharp rise in deposits. While we encourage regular saving, larger lump sums can no longer be accepted. This decision wasn’t taken lightly, but with low and even negative interest rates during different periods since its introduction, maintaining higher savings has become costly. Plus, regulations require us to keep a minimum of 10% of total assets in regulatory reserves. Rest assured, Nenagh Credit Union remains financially strong, and this cap helps ensure we continue to serve our members securely for years to come.

Please follow the link below to see the most Frequently Asked Questions

Savings limit FAQs