Life Savings Insurance

Free Insurance on Savings

Free Insurance on Savings

Get more from your money!

Life Savings Insurance is the life insurance cover the Credit Union provides for its eligible members as an additional incentive for them to save regularly. The amount of insurance benefit to which a member is entitled is in proportion to the mount of savings the member has, and depends on the members age at date of lodgement.

What is Covered?

Subject to a maximum benefit set by the Credit Union, every €1 you save before the age of 55 provides €1 of insurance. Once you are over the age of 55 each €1 you save with your credit union provides the following benefit:

  • €1 saved between ages 55-59 provides €0.75 insurance
  • €1 saved between ages 60-64 provides €0.50 insurance
  • €1 saved between ages 65-69 provides €0.25 insurance

No insurance is payable on amounts saved after your 70th Birthday.

Once earned, your insurance remains in force as long as you leave your savings in your credit union. Withdrawals may affect the amount payable.

Terms and conditions may apply.

A member is eligible for the insurance cover carried by the credit union if when they begin saving they are:

  • Under the age of 70
  • Actively at work, or if not working, in good health

What are the benefits?

Depending on your age and how much you have saved with your credit union over the years, Life Savings insurance could provide your dependants with up to €5,000 on your death.

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17 Jul 2024

E AGM Notices

12 Apr 2024

DEFIBRILLATOR

05 Sep 2023

Our new Website is Live!

We are delighted to announce the launch of our new website. We hope you like the new look and feel...

30 Mar 2023

New opening hours commencing Monday 3rd April 2023

Open during lunch everyday. New opening hours from Monday 3rd April 2023...

23 Feb 2023

Online Withdrawals

Due to the ongoing SCAM targeting Credit Union Members, Tullow Credit Union have decided to reduce the daily withdrawal limit to €2,000

17 Feb 2023

Reminder Regarding Current Text Scam

Tullow Credit Union would like to remind members that they will never ask for PIN numbers or activation codes over the phone.

Save with Us

Save with Us

We all know the merits of saving money, either for something specific or for that "rainy day". Regular saving is a good idea. Regular saving with your credit union is an even better idea.