Thursday, January, 2nd, 2020 in Credit Union News
Our Penny Bank for 2020 will commence from Friday Jan 3rd 2020, this is a great way to save for Christmas, to take the worry and stress away from what should be an enjoyable occasion.
If you are a member just ask about opening a Penny Bank Account. If you are not yet a member & you work or live in our common bond catchment area just call in person to any of our offices with your photo ID, proof of address (dated within the last 6 months) and your PPS number (on official documentation) and a member of staff will go through the application process with you.
This is how our Christmas Penny Bank Savings Club works:
* Save into your Penny Bank account in your own name by direct debit or cash payments
* This is a new account, separate from all other credit union accounts you may hold
* You get a new Christmas Penny Bank Book
* Savings can be made weekly, fortnightly or monthly or whenever you have some money
* Savings are locked in until the pay-out date in November 2020- just like a Penny Bank
* On the pay out date all or part of your savings can be withdrawn – any balance left will be locked in when the Penny Bank starts in Jan 2021
* Your Penny Bank will not be closed following the pay-out date and you can continue to save for the following Christmas
* Christmas Savings cannot be held as security against a loan
* You will still earn any potential dividend on your savings over the year
* Please note, for security and anti Money Laundering reasons – we can only pay out Penny Bank to the account holder
If you have any questions at all drop in to us at Enniscorthy Credit Union or one of our offices in Ballymurn, Murrintown or Taghmon for a friendly chat!
More information here
