Share Account
Your savings account in a credit union is known as your shares account.
You are not just another customer to us but an active member. You will have a share in the ownership of the Credit Union and have a say in the operation of the Credit Union by either becoming a volunteer director or attending at the AGM. Savings in a Credit Union are a better way to save as you may also earn dividends, usually paid in December of each year.
Once you activate your account with a minimum of €10 you are an active member and are welcome to apply for online access. You will then have the services of the credit union at your fingertips 24/7! Below you will find information on the benefits of a Share Account and the additional savings options available with First Tech.
Some of the many benefits of saving with First Tech CU
Free online 24/7 access to your share account
Share balances in excess of those used as security against any loan you may have are available to you to withdraw on demand
Shares may earn dividends (subject to approval at our AGM)
There are no transaction charges or fees on your share or deposit account
Life insurance cover included plus additional options are available. Read more
When you join a credit union you are a member not a customer
Additional Savings Options
1 Year Fixed Term Deposit Account
Our 1 Year Fixed Term Deposit Account is a great choice for those seeking to lock in their savings for a fixed term at an attractive rate. The interest rate is fixed at 1.5% AER and will be applied to the account at the maturity date of the deposit. The minimum lodgement is €10,000 which must be lodged as a single lump sum only. Terms and conditions apply.
Regular Saver Account
Another great way to save money each month is our Regular Saver Account. The interest rate is 2.75% AER variable and is applied to the account on a monthly basis. The term of the account is 12 months, and the minimum monthly savings amount is €100. Amounts can be saved on a weekly, fortnightly or monthly basis. Terms and conditions apply.
Christmas Saver Account
With our Christmas Saver Account, you can plan ahead for the Festive Season and all the expenses that come with it. By saving small amounts throughout the year, you can enjoy the magic of the holiday season while staying within your budget. Amounts can be saved on a weekly, fortnightly or monthly basis. Terms and conditions apply.
Savings Policy
The total savings you can hold as an individual member of the credit union is €100,000. Members with funds held in their accounts in excess of €100,000 will be asked to withdraw funds. Members savings in their Share Account are insured at no direct cost to the member with eligible members having their savings insured for a maximum sum of €8,000 (terms and conditions apply).
You may nominate a person of your choice to receive up to €27,000 of your savings in event of your death. It is therefore important to keep your nomination up-to-date and amend it if any changes occur e.g. if a nominated person dies or if there is a change in your marital status. Please ensure that you have completed an up-to-date Nomination Form. Forms are available at www.firsttech.ie/Downloads or in our branch at 55 Dawson Street, Dublin 2.
Not a Member? No Problem...
To become a member of First Tech, you must work in the ICT (Information & Communications Technology) sector or be a direct family relation of another person who is currently a member of the credit union.
