Saving with Claddagh Credit Union is easy. You can save and deposit money into your account at your local branch, online or via standing order. Savings can be withdrawn at any time. For members who take out a loan, some shares will need to be held as collateral against the loan.

Savings Limits

  • All combined balances are subject to a maximum value of €100,000 for adults (including current accounts) and there is a maximum value of €5,000 for junior accounts.

Lodgement & Withdrawal Limits

  • The maximum lodgement into your account is €2,500 per week (including cash lodgement)*
  • Maximum withdrawals in cash are €1,500 per day & €7,500 per week*

(Cash withdrawals of more than €1,500 per day can be facilitated but must be ordered a minimum of 24 hours in advance. The maximum cash withdrawal of €7,500 per week* still applies in this case.)

*per week means a 7 day period.

This is the life insurance cover that we take out for all eligible members as an additional incentive to save regularly and maintain your savings. There is no direct cost to members.  Find out more below.

Member Insurances

The Central Bank of Ireland is responsible for administering the Irish Deposit Guarantee Scheme which provides protection to depositors in the event of a credit institution failing. Deposits of up to €100,000 per person per institution are protected and compensation is payable to eligible depositors within 15 working days. Eligible deposits in banks, building societies and credit unions authorised in Ireland are covered by the scheme.

If you would like more information please contact Claddagh Credit Union today.

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