Services Savings

Savings

My place for savings

Why is saving with a credit union better?

KRD Credit Union actively encourages its Members to save. Each £1 of savings in the Credit Union equals a share in the Credit Union. The more shares you hold, the greater the return you receive when the annual dividend is being paid.

What is a Dividend?

A Dividend is the same as interest on your savings, but because you are a shareholder in the Credit Union, it's known as a dividend.

In 2016 the dividend which was paid on savings was 0.8%. The rate varies from year to year and is dependent on the performance of the Credit Union. Our Members vote at the AGM as to whether they wish to accept the Auditors recommended dividend figure.

Can I have easy access to my savings?

You can withdraw your savings provided they are not pledged as security on a loan. However, you are encouraged to keep your savings intact, so that:

  • They continue to earn a dividend.
  • They continue to benefit from the Life Savings Insurance protection.

We will be happy to talk to you about suitable alternatives to withdrawing your savings.

Kilrea
25/27 Church Street, Kilrea, Co. Derry - BT51 5QU
  • Tel:
  • Fax:
  • Email:
  • (028) 295 41007
  • (028) 295 41097
Opening Hours
  • Mon
  • Tue - Thurs
  • Fri
  • Sat
  • 9:00am - 4:00pm
  • 9:00am-4:30pm
  • 9:00am-5:30pm
  • 9:00am-1:00pm
Dunloy
18 Main Street, Dunloy, Co. Antrim - BT44 9AA

Opening Hours
  • Tue
  • Fri
  • Sat
  • 9:00am - 1:00pm
  • 1:30pm-5:00pm
  • 9:00am-12:00pm
Ballymoney
77 Castle Street, Ballymoney, Co. Antrim - BT53 6JT

Opening Hours
  • Mon
  • Tue - Thu
  • Fri
  • Sat
  • Closed
  • 9:00am-4:00pm*
  • 9:00am-5:00pm*
  • 9:00am - 12:30pm
*Closed for lunch (12:30 - 1:00pm)
KRD Credit Union Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.