A Seasonal Savers Account helps members save for short-term expenses like Christmas or special occasions without affecting their Share Account or loans. It doesn’t earn dividends and cannot be used as loan security, but it can run alongside other accounts. The maximum combined balance per member is €100,000.
What a Seasonal Savers Account Is
Members can set up a Seasonal Savers Account to help save for short-term expenses such as Christmas, birthdays, or Holy Communions.
A Seasonal Savers Account does not earn a dividend and cannot be used as security for a loan, but it can run alongside a loan to help you save for short-term expenses without affecting your Share Account or any loan associated with it.
You can save into a Seasonal Savers Account in the same way as a Share Account and at the same time.
Balance Limit Rule
The maximum combined balance allowed per member in Core Credit Union is €100,000. Your combined balance is calculated by deducting any loan balance you might have with Core Credit Union from your total deposits. Total deposits are made up of your Shares, Seasonal Savers Account and Current Account balances added together.
How to Open a Seasonal Savers Account
To open a Seasonal Savers Account, you must first have a Share Account.
If you are already a member and would like to open one, call into any office and a member of staff will help you, or phone 01 272 5600.
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