Having risen 3.8% across the first week of April 2024 – the fastest gold price rise since the first week of March – spot gold prices in the US Dollar set another record high at $2400 per ounce on 12th April. The price of gold remains close to the $2360 level in mid May 2024. […]
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Deposit Accounts
Best Savings Accounts in Ireland
Interest rates on Deposit Accounts in Ireland gradually fell lower and lower over the last few years. Many instant access deposit accounts were paying zero or a tiny 0.05% rate of interest in 2023.On a deposit of €50,000 a rate of 0.05% would earn just €25 a year in interest – before tax. The ECB […]
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Raisin Bank Ireland – a Summary
Raisin Bank in Ireland , was launched in 2019 . It describes itself as an online deposit marketplace. Raisin Bank holds a full banking license under the German Banking Act-. It is is authorised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany and is regulated by the Central Bank of Ireland for the conduct of business […]
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Historic Interest Rates on Savings in Ireland
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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Savings Accounts for Children
Starting a savings account for a child is a good way of getting them into the habit of putting money aside for the future. Every year at First Communion time thousands of children in Ireland are given cash gifts. A recent survey found that the average amount was €463. This can be a good time […]
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