Interest rates available on One Year Fixed rate savings accounts in Ireland have started to fall.
Halifax is the latest bank to drop rates on their 12 month Fixed Saver account. The rate has dropped to 4.5% from 5.6%. Anglo Irish also dropped rates from 6% to 5.25%. With ECB rates dropping to just 2% last week – more fixed rate cuts could be on the way. With instant access account rates lower and also expected to fall further – now could be the last chance to get a decent fixed rate.
But – with all the problems banks are having – some people may feel safer putting the money in a safe.
