Make Your Savings Work Harder
Looking for a better return on your savings? For a limited time, Savvi Credit Union is offering a 2-Year Fixed Term Deposit Account with a safe, guaranteed return.
It’s simple: You invest a lump sum for a set period, sit back, and let your money grow. Because your funds stay locked in for the full term, you get the best possible return on your savings — no surprises, no risk.
The Offer at a Glance
- Invest between €5,000 and €80,000
- Term: 2 years
- Rate: 1.5% per year (1.49% AER)*
- Total return: 3% gross over two years
- Security: Guaranteed return on your savings
What Could I Earn?
Deposit €10,000 and you’ll earn €300 in interest, paid at the end of the two-year term.
Note Deposit Interest Retention Tax (DIRT) will be deducted at the prevailing rate, if applicable.
Why Choose a Fixed Term Deposit?
- Secure your savings today and lock in a guaranteed return.
- A simple, stress-free way to grow your savings
- Perfect if you don’t need access to your money right away
Warning: If you invest in this product, you will not have access to your money for two years
How to Apply
- Download and print the Application Form
- Return the completed form to any of our 4 branches
- Applications must be received by 3pm Friday 20th March (or earlier if total applications reach the designated limit) .
- If you would like us to post out a form, call us on 01 632 5100 or email hello@savvi.ie
Download Application Form Download Terms & Conditions
Stay in the Loop
If you’d like to hear about similar savings offers in the future, make sure you’re opted in to receive marketing updates. You can email hello@savvi.ie to check or update your preferences.
Frequently Asked Questions
If you haven't yet become a member of Savvi Credit Union, the good news is as soon as your membership application has been approved and you have lodged €10 to your shares account, you can apply for a fixed term deposit account right away. This is of course subject to you satisfying our common bond criteria. For more information on becoming a member click here
The minimum lodgement amount is €5,000 and the maximum lodgement amount is €80,000.
No, you can only make one lodgement to your account.
We understand that sometimes you might change your mind once you take out a new product. We provide a 14 day cooling off period from the start date of the account in case you change your mind. You must contact us in writing with an instruction to close your account and once you do so, we will repay you any funds you have lodged directly to your Share Account.
If you have both a sole account and a joint account, you will be able to open two accounts but the maximum amount that you can deposit is per member rather than per account. So for example, if the maximum amount a member can lodge to a fixed term deposit account is €80,000. The member could lodge €20,000 to a sole account and €80,000 to a joint account without reaching the limit (each member in the joint account will be deemed to have lodged €40,000 each).
Right now, we only offer a 2 year fixed term deposit account.
You will get your interest at maturity date of the product. Any interest less DIRT will be lodged into the account, which will then be transferred to your shares account.
The onus is on the member to provide proof of any exemption from DIRT. If we have proof of the exemption, DIRT will not be taken from your account.
NO, there are no set up charges, maintenance or transaction fees on your account.
There are no withdrawals permitted on your term deposit account. If under exceptional circumstances, you need to access money in your account early, we will have no other choice but to close your account and transfer funds back to your shares. This will include any interest accrued as of that date less DIRT.
No, The account does not carry any Life Savings Insurance benefit. The amount of Life Savings Insurance benefit payable to your nominee/estate in the event of your death is based on the amount of savings made during your lifetime into your Share Accounts. Life Savings Insurance benefit is determined based on minimum balances held in your Share Account only and your age at the date of each lodgement and any subsequent withdrawals.
Yes your term deposit account is included in the €100,000 per person savings limit. This means if you have already reached the €100,000 limit, you will not be able to lodge any further funds. However, you may transfer money from your shares to your term deposit account if you so wish.
Yes any funds in your term deposit account is included in the Deposit Guarantee Scheme