Interest rates on Savings 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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Deposit Accounts
The Price Of Gold
On March 8th 2024 the price of gold hit an all-time new high. A SURPRISE rise in US unemployment in Friday’s jobs data for February saw the price of gold spike to a fresh all-time high in spot-market trading, coming within $5 per ounce of $2200 and breaching £1700 for UK investors while topping €2000 […]
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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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State Savings Interest Rates 2024
State Savings is the name used by the National Treasury Management Agency (NTMA) to describe the savings products offered to personal savers. Some people refer to them as An Post Savings or Post Office Savings accounts. This is because An Post acts as an agent of the NTMA in relation to the sale and administration […]
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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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