Fixed Term
Deposit Account

Fixed Term
Deposit Account

Fixed Term Deposit Account

At Croí Laighean Credit Union, we’re proud to be offering one of the best fixed term deposit accounts in Ireland.

Discover the benefits of a Croí Laighean Credit Union Fixed Term Deposit Account for secure savings growth. Our Fixed Term Deposit Account offers a guaranteed 3.75% fixed interest rate over a 30-month term (AER: 1.5%), ensuring stability and peace of mind for your savings.

Whether you have funds in your Croí Laighean Credit Union Share Account or a lump sum waiting to be utilised, maximise your returns by opening a Fixed Term Deposit Account today.

We also have a range of savings accounts with no set-up, maintenance, or transaction fees including our Share AccountFamily Savings Account, and Children’s Savings Account for kids aged 7 and over.

Why choose a Fixed Term Deposit Account

  • Earn a fixed interest rate of 3.75%*
  • Save between €2,000 and €75,000
  • Ideal for helping to achieve savings goals
  • Available to new and existing members
  • Fixed term of 30 months
  • Single lodgement only
  • Deposits up to €100,000 (combined) are covered under the Deposit Guarantee Scheme.
  • Competitive interest rates
  • *** Please read the full terms & conditions below***

How to apply for a Fixed Term Deposit Account

If you live, work or study in our common bond – you’re halfway there. Assistance is also available at your local branch.

To open a Fixed Term Deposit Account, simply fill out the form below or visit us in person.



Fixed Term Account Benefits

Croí Laighean CU Dividends

3.75% Fixed Interest Rate

3.75% Fixed Interest Rate

Our Fixed Term Deposit Account offers a secure way to grow your savings with a guaranteed interest rate over a specified period. It is an excellent option for those who want to ensure their money works for them without the risk associated with other investment types.

Secure Family Savings Account

Deposit Guarantee Scheme

Deposit Guarantee Scheme

All deposits up to a combined value of €100,000 are covered by the Deposit Guarantee Scheme.

Croi-Laighean-Community-support

Supporting Your Community

Supporting Your Community

As a not-for-profit Credit Union, we invest our profits into our local community. So, when you save with Croí Laighean Credit Union, you are investing in your community, contributing to its well-being.

Fixed Term Deposit Account T&Cs

  • The minimum deposit for the Fixed Term Deposit Account is €2,000 up to a maximum of €75,000. Only one Fixed Term Deposit Account per member.
  • You must be a Croí Laighean Credit Union member, aged 18 or above, and hold at least €5 in shares to open a Fixed Term Deposit Account.
  • Not available to juvenile or student account holders.
  • This is a personal account only and is not available to club or business accounts.
  • Not available to any member in loan arrears or bad debts. To avail of the Fixed Term Deposit Account, a member must bring their account(s) up to date.
  • If a member has existing savings with CLCU and wishes to open a deposit account, they may transfer funds from their other CLCU accounts, deposit new funds, or a combination of both.
  • A member’s total savings in Croí Laighean Credit Union must not exceed €100,000 across all accounts, including share, joint, current, and deposit accounts. A member must always retain a minimum of €5 in shares.
  • If a member has a Current Account, the total savings (including share, joint, and deposit accounts) cannot exceed €90,000 with a further €10,000 available in their Current Account.
  • This Fixed Term Deposit Account is for a single lump sum deposit only, and no further lodgements will be permitted after the account is opened.
  • Withdrawal of funds is not permitted. Any withdrawal will break the fixed term and your account will not qualify for the bonus interest. The Account interest earned up to the point of withdrawal will be retained.
  • Members cannot transfer pledged shares, or pledge the funds in the Fixed Term Deposit Account to a covered loan.
  • You have a 14-day cooling-off period from the date the Account is opened, to change your mind. If you wish to close your Account during this time, please contact us in writing.
  • A fixed interest rate of 3.75% will be applied to this Fixed Term Deposit Account for the Term of 30 months (AER: 1.5%).
  • If the account is maintained for 30 months with no withdrawals, the full 3.75% is payable on the Account Maturity Date (i.e. 30 months from the date of original deposit).
  • The Account interest rate is calculated and accrued each day based on the balance in the account and only paid at the closing or maturity of the Account Term.
  • All member deposits up to €100,000 (combined) are covered under the Deposit Guarantee Scheme, details are available at www.depositguarantee.ie.
  • All interest earned will be subject to DIRT at the applicable rates. DIRT will be deducted at source unless you are exempt.
  • Fixed Term Deposit Accounts are not covered by our Life Savings Insurance cover. Full details on non-deposit account Life Savings Insurance cover can be found here.
  • Joint Fixed Term Deposit Accounts are available if the membership account is a joint account.
  • The Credit Union reserves the right to withdraw these Accounts at any time without notice and amend these terms and conditions.
  • The Credit Union may at any time without notice to the member offset and apply any credit balance in this Account toward payment of any outstanding loan they have which may be in default, and where the member has failed to respond.
  • When the account reaches the Maturity Date, the principal amount of the Fixed Term Deposit Account and any interest earned up to the Maturity Date shall be transferred to the member’s Share Account.
  • We may request identity verification documents to comply with the prevention of money laundering legislation.
  • If you wish to make a complaint, please contact a member of staff in person, via email or phone. If your complaint is not resolved to your satisfaction, you have the right to refer your complaint to the Financial Services and Pensions Ombudsman, Lincoln House, Lincoln Place, Dublin 2, D02 VH29.
  • This agreement between the Credit Union and the Account holder is governed by the laws of Ireland. Croí Laighean Credit Union is regulated by the Central Bank of Ireland.
  • Funds must be deposited in a single transfer. If funding via a share account and external funds, the external funds must be transferred to their share account and once cleared, the full amount deposited. If depositing from multiple external accounts, the funds must be collated into one account and transferred to the Fixed Term Deposit Account.

Fixed Term Deposit Account Definitions:

  • The “Credit Union” or “CLCU” means Croí Laighean Credit Union Limited.
  • The “Fixed Term Deposit Account” or “Account” means a 30-month Fixed Term Deposit Account.
  • The “Term” means the 30-month fixed duration of the Account.
  • “Start date” means the first day a lump sum is deposited in the account.
  • “Maturity date” is 30 months from the date of original deposit.
  • The ‘Account holder’ is the member(s) in whose name(s) the account is maintained.
  • “AER” means Annual Equivalent Rate and indicates the percentage of interest you’ll receive each year for holding your savings in a Fixed Term Deposit Account with CLCU.