On Air Now

11 to 3 with John Dunne

11:00am - 3:00pm

Now Playing

Ronan Keating

Lovin Each Day

€25,000 Cap Placed On Savings In Dublin Credit Union.

Stock image: Pexels

The branch chairman said banks are charging for monies sitting in current accounts

Members of South Dublin Credit Union can no longer keep more than €25,000 in a savings account.

In its financial report, the branch chairman said banks are charging for monies sitting in current accounts and the Credit Union are encouraging members to borrow, in order "to survive".

The Irish Times reports current members with excess of 25 thousand euro in their account can no longer increase their savings and if they go below the limit, they will not be able to exceed at a future date.

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Fri

    Light rain shower

    11°C

  • Sat

    Sunny intervals

    11°C

  • Sun

    Sunny intervals

    12°C

  • Mon

    Sunny intervals

    11°C