Savings Accounts

Bruff Credit Union Savings Account

Whether you’re saving for something in the future or for a ‘rainy day’, regular saving is a good idea. When you join and save with Bruff Credit Union, you are a member and part-owner of a successful financial cooperative, helping your community.

No Fees or Charges

Free Life Savings Insurance

Free Life Savings Insurance at Bruff Credit Union

Regular Savings Account

Each member of Bruff Credit Union holds shares, making them part-owner of the credit union.

Ways to save

  • Standing Order
    Set up a standing order to allow regular payments to go into your Credit Union account.
  • VISA/Debit Card
    Make a deposit over the phone using a VISA/Debit Card. Call 061 382111 to make a payment
  • Over The Counter
    Simply call into our branch and pay over the counter.
  • Our Mobile App
    Through our free mobile app. Download the app today: App Store or Google Play Store

Saving Limits

Savings and Lodgement Cap Introduction

The Board of Bruff Credit Union Limited recently carried out a review of its members’ savings strategy and as a result, several changes have been implemented which may affect the way you save in your account.

A cumulative monthly savings lodgement limit of €4,000 and a cap on shares of €25,000.

The reason behind the Share Cap of €25,000 and Cumulative monthly savings of €4,000

For every €100 saved in the Credit Union, we are required to set aside €10 (10%) from our surplus which is a legal requirement of the Central Bank. If the current savings growth rate continues, the Credit Union will need to use its current reserve levels to fund this capital requirement. This will reduce the capital available for investment in future services.

Should you wish to discuss this matter with one of our team, you can make an appointment with one of our staff to discuss the matter.

Marie Hogan:

Thank you for your understanding in this matter.

Other Information about our Saving Accounts

DIRT: Savings are liable for DIRT tax at 37%. From 1st January 2014 all credit union share dividend and deposit interest paid to members will be subject to DIRT, with the exception of dividend or interest paid to members who are exempt from DIRT.

Deposit Guarantee Scheme

All of the savings of our members are guaranteed up to a maximum of €100,000 under the Government Deposit Guarantee Scheme. 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. Compensation would be payable to eligible depositors within 20 working days. Information on the scheme is available at

Bruff Credit Union Nominations


A nomination is a legally binding, written instruction that tells the Credit Union what to do with your money after your death.

The member completes a Nomination Form which allows the member (nominator) to nominate a person/persons (nominees) to become entitled to any properties in the credit union in the event of their death.

The nomination service is very valuable to members in that it allows access to nominated funds by the nominee within a very short time of the death of the member. While it will not relieve the loss suffered by the nominee, it could relieve any potential cash flow difficulties.