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Listen: 36 Credit Unions Impose Caps On Deposits.

: 06/13/2019 - 10:26

Savings limits are being imposed at Credit Unions across the country.

According to today's Irish Times, at least 36 Credit Unions around the country, including Kildare CU, have informed members that limits are to be imposed on their savings.

In some cases, restrictions are being set on accounts containing as little as 15-thousand euro.

Negative interest rates on deposits at two of Ireland's leading banks are being blamed.

Deputy Business Editor Gavin McLoughlin says this limit flies in the face of what the Credit Union is supposed to offer:

thurscu.mp3, by Ciara Plunkett

 

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