If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Credit Union or Bank for Saving?

BlondePrincess · 2011-07-17 20:35:31

Hi, I want to start a joint savings account with my boyfriend. Is it better to go with a bank, or the credit union? We are saving for a deposit, with the intention of getting a mortgage in the next year.

17-07-2011 8:35pm

#1

BlondePrincess

Registered Users, Registered Users 2 Posts: 142 ✭✭

Join Date: October 2008

Posts: 85

Hi, I want to start a joint savings account with my boyfriend. Is it better to go with a bank, or the credit union? We are saving for a deposit, with the intention of getting a mortgage in the next year.

0

Comments

#2 17-07-2011 8:44pm

cookie1977

Registered Users, Registered Users 2 Posts: 6,794 ✭✭✭

Join Date: July 2009

Posts: 6623

Probably best to go with a bank seen as that's where you'll be borrowing the mortgage from. Then save regularly and they'll be more favorable with you as you have a track record with them. In saying that it is very difficult to get a mortgage out there at present due to the economic situation and the banking system problems. The credit union is great for regular saving for holidays/extensions etc... but I think a bank will be better to be seen to be saving in if you're looking for a mortgage. Good luck.

0