The Interest Rates available on instant access savings accounts in Ireland in 2022 were the lowest they have been for several years. Rates started to rise in 2023 as the ECB began to increase rates in response to rising inflation. We have dug out some old “best buy” interest rates going back to 2008 to […]
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Deposit Accounts
Should Banks be asking for PPS Numbers ?
When you open a bank account in Ireland you are routinely asked to provide a PPS number – but do you have to provide one? The PPSN is the number used to identify taxpayers in Ireland . (Full name is the Personal Public Service Number ),This number is issued by the Department of Social Protection […]
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Bank of Ireland Mortgage Saver Account – €2000 Bonus
Bank of Ireland launched an interesting regular savings account back in 2016 for first time buyers called the “Mortgage Saver “. It originally started with just a 10% bonus – but later it was amended and now savers can get a free bonus of €2000 on a deposit of just €5000. This account is still […]
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PRSI on Savings Accounts in 2014
In Budget 2013 it was announced that some people would have to pay 4% PRSI on the interest earned on deposit accounts from January 2014. At the time it wasn’t clear exactly who this affected or how the PRSI would be deducted. See PRSI Changes in Budget 2013 Now – over a year later , […]
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National Solidarity Bond
The National Solidarity Bond was first announced in the 2010 Budget and it was launched in April 2010 . At the launch it paid an annual interest rate of 1% a year (fixed) with added bonuses for those who left the money in for five, seven and ten years . Update : June 2013 – […]
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