Deposit Accounts Archives - Page 2 of 2 - Capital Credit Union
Capital Credit Union

When is interest paid?

What is a term deposit account?

A term deposit account is where you make a lodgement to an account and you earn interest. Capital Credit Union offers a 3-year and 5-year term deposit account to its members.

What is the minimum and maximum amount I can lodge?

The minimum lodgement you can make is €2,500 and the maximum lodgement you can make is €50,000. Before lodging any funds, consider your potential future financial commitments.

What terms and interest rates are available?

Capital Credit Union offers a 3-year and 5-year term deposit account to its members. · The AER for the 3-year term deposit account is 1.51%. · The AER for the 5-year term deposit account is 2.02%.

What is DIRT and why is it deducted from my interest?

Interest is subject to Deposit Interest Retention Tax (DIRT), where applicable, at the prevailing rate on the day interest is paid. At the time of writing, it is 33%.

What do I do if I am DIRT exempt?

If you are applying for a DIRT exemption, please fill out the DE1 Form and return to one of Capital Credit Union’s branches. You can find the DE1 Form at our website > News > Download Forms.

Can I make withdrawals?

There are no partial withdrawals permitted throughout the term. In the exceptional event of a withdrawal, this premature withdrawal will close the deposit account and you will forfeit all interest credited to that date. Capital Credit Union requires 21 days’ written notice to withdraw from your account.

When is interest paid?

Interest is paid back into your Deposit Account monthly and it will be available to you upon maturity.

Can I get a Loan Within Shares against my deposit account?

Yes, you can get a Loan Within Shares against your deposit account.

Is there someone in the Credit Union I can speak to about term deposit accounts?

Yes, we have qualified staff to assist you if you have any questions. Please contact the Credit Union on (01) 299 0400 or email info@capitalcu.ie

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