Low Interest Loans for People on Social Welfare or Pensions

A government-backed scheme using Credit Unions to provide low-cost loans was rolled out nationwide in 2018 . These small loans with low-interest rates are known as Micro Credit. The loans are called It Makes Sense loans – and aim to provide small, low-interest loans for people on Social Welfare or State Pensions aged 18 or […]
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Savings Accounts for Children

It’s First Communion time again for thousands of children in Ireland . At this time of year – many Catholic children get given cash gifts for their Communion .  A recent survey found that the average amount was €463. Hopefully – with the help of parents – they will try and save some or all […]
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Summary of Deposit Guarantees in Ireland

We understand the following protection is in place with the following institutions: This is the latest information on the level of guarantee or protection for money held in Irish financial institutions or those operating in Ireland. Updated in March 2013 Post Office Savings Bank; . Irish Government guarantees all deposits with no end date Under […]
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Credit Union Loans Restricted

About half the Credit Unions in Ireland are currently under some kind of restriction on the loans they can provide. The imposition of lending restrictions is the responsibility of the Registrar of Credit Unions, who is the independent regulator for credit unions. The Registrar has had to put lending restrictions in place at Credit Unions […]
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Irish Deposits Guarantee – a History

Are My Savings in Ireland Guaranteed? (Updated  Dec 4th  2011 ) A potted history of Irish Banking Guarantees First of all we had the Irish  Deposit Guarantee Scheme (DGS), which covered the first €20,000 per person in all the financial institutions that are authorised by the Irish Financial Services Regulatory Authority to operate in Ireland. […]
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