Increased Term Deposit Interet Rates

Exciting News: Increased Interest Rates on All Savings Accounts

We are delighted to bring you some exciting news. In a time when many banks and other savings institutions are reducing the rates they offer to savers due to recent and anticipated cuts in the European Central Bank (ECB) rate, TUI Credit Union is taking a different approach. We are pleased to announce that we are increasing interest rates on all our savings accounts, effective from October 11th, 2024. This decision reflects our commitment to rewarding your loyalty and helping you make the most of your savings during these challenging times.

Updated Deposit Account Rates:

Rates effective 14/10/2024

What This Means for You:

• 32-Day Deposit Account: Members with this account will now earn a rate of 0.75%, effective immediately, ensuring your short-term savings grow even faster.
• 1-Year Deposit Account: Enjoy a new rate of 2.15%, significantly boosting your returns over a one-year period.
• 3-Year Deposit Account: With a new rate of 2.75% and a bonus at maturity, this account now offers an Annual Equivalent Rate (AER) of 3.34%, providing an excellent return on your medium-term savings.
• 5-Year Deposit Account: Benefit from a substantial increase to 3.25% with a bonus at maturity, resulting in an attractive AER of 3.72% for long-term savings.

Why Are We Increasing Rates?

At TUI Credit Union, we prioritise our members’ financial well-being. Despite the downward trend in interest rates across the financial sector, we are committed to offering you competitive and rewarding savings options. Our goal is to provide you with the best possible returns on your hard-earned money, ensuring that your savings continue to grow effectively, even in a period of falling interest rates.

Questions?

If you have any questions regarding these changes, please feel free to contact our member services team at (01) 4266060 or visit our website at www.tuicu.ie/savings.

Thank you for your continued trust in TUI Credit Union. We are here to support your financial goals and are proud to be a financial partner that puts our members first.

Sincerely,

Chief Executive Officer
TUI Credit Union