Money Guide Ireland

Archive for April, 2008

23 Apr

Annual or Monthly Interest?

Some people seem to get confused about how interest on deposit accounts is calculated and paid. Some people seem to think that an account that pays interest annually - say on 31st Dec - will pay a full years interest on the balance as at 31st Dec. I have seen forums where people think that […]

23 Apr

Lowest Mortgage Rates in Ireland for FTB

Mortgage lenders are getting more strict on the percentage they will lend - and some have slightly increased some of their interest rates in recent weeks. The first time buyers - with a small deposit and usually borrowing under 500K - can still get some good deals.
Halifax are still offering a 1 year discounted tracker […]

21 Apr

Inflation Figures March 2008 Ireland

The latest consumer price index from the Irish Central Statistics Office reveal the annual rate of inflation has increased to 5% during March from 4.8% during February.
Higher prices for transportation fuel as well as increases in air fares, mortgage repayments, and home heating oil were the main factors behind the increase.
Two months ago Ireland’s inflation […]

12 Apr

Irish Nationwide Launch 7.35 % Regular Saver Account

Irish Nationwide have finally joined the other banks and building societies and launched a Regular Saver account. The interest rate is 7.35% - the best of all the regular saver accounts at the moment - and is guaranteed to be ECB+3.35% until 31/3/2009. After that it is guaranteed to be then ECB+1% until […]

11 Apr

Credit Unions - is your money safe ?

The average savings per Credit Union member in Ireland was €4,620 in 2007. Total Irish Credit Union savings were at 13.4 billion euro. These figures are from the annual report of the Irish League of Credit Unions - which represents 521 credit unions in the Republic and Northern Ireland.
More than 78% of credit unions paid […]

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