Term Deposit Account Expression of Interest
Why deposit your savings with us?
- Invest for a 2 year term with a guaranteed rate of 2% (AER 1.98%)*, gross return 4%
- Your deposit is fully secure and protected under the Deposit Guarantee Scheme
- No hidden fees or charges
- Personal and professional service at all times
Key Features & Benefits
- Deposit between €5,000 and €30,000
- The term of the account is 2 years from the date of your investment
- No withdrawals can be made during the 2 year term
- The interest is fixed at 2% (AER 1.98%)* gross return 4% paid at the end of the 2 year term
- Fixed Term Deposit Accounts are available to single and joint account holders
- Single lodgement only
- Interest is subject to Deposit Interest Retention Tax at the prevailing rate
- Your deposit is fully secure and protected under the Deposit Guarantee Scheme
To be Eligible
- You must be a member of St. Canice’s Credit Union
- You must have a minimum of €5,000 to invest for a period of 2 years
- You must be resident in the Republic of Ireland
- You must be 18 years or older
Once matured, your funds will be fully accessible to you. If you’re not already a member, get in touch with us and we’ll take it from there.
Example
Members who invest €30,000 in a 2 year fixed term deposit account will earn €1,200 gross in interest at the end of the 2 year term.
Deposit Interest Retention Tax will be deducted at the prevailing rate from the interest you earn and automatically paid directly to revenue on your behalf, where applicable.
Warning: If you invest in this product you will not have any access to your money for two years.
*AER is the Annual Equivalent Rate and which shows what the interest would be if the interest was compounded and applied each year. Terms and conditions apply.
St. Canice’s Kilkenny Credit Union Ltd. is regulated by the Central Bank of Ireland.
