Bray Credit Union

Providing Credit Union Services to all our Members for over 40 years...

• Saving with Bray Credit Union
• Benefits of Savings
• Life Savings Insurance
• Death Benefit Insurance

SAVINGS

The following Savings Account options are available from Bray Credit Union.

We pay the same rate of return on each of the account types (i.e. the annual Dividend) however the manner in which this Dividend is taxed will vary depending on the account type chosen.

• Ordinary Share Account.
  Annual Dividends are credited to the account GROSS.  The member is required to return details of the dividend  to the Revenue Commissioners in his/her annual tax return. The dividend is liable to tax at the member’s marginal rate.
• Special Share Account.
  Annual Dividends are credited to the account Net of DIRT (Deposit Interest Retention Tax) and this satisfies in full any tax liability in respect of the dividend payment.  The rate at which DIRT is deducted from the Dividend is currently 23%.