Most of the state savings products offered by the NTMA (National Treasury Management Agency) have had their interest rates reduced this week. The lower rates only apply to new purchases made from June 3rd . If you already hold Savings Bonds, Savings Certificates, Instalment Savings or National Solidarity Bonds – your interest rate will not […]
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Deposit Accounts
What’s Happening with the Bank Guarantee?
Next week (28th March ) the Eligible Liabilities Guarantee is ending – this is the one that covers most deposits over €100,000. We wrote about the possible ending of this guarantee back in Nov 2012 The Dept of Finance said that the ELG will end for all new liabilities (deposits) from midnight on the […]
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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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IBRC Liquidation and the Deposit Guarantee
As a result of the liquidation of IBRC – the Deposit Guarantee Scheme (DGS) has been activated. The Deposit Guarantee Scheme is administered by the Central Bank and guarantees eligible deposits up to €100,000 per person in any bank, building society or credit union. The DGS is obliged to issue compensation to verified eligible depositors […]
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State Savings Rates Reduced
The National Treasury Management Agency have cut the interest rates on most of the State Savings products – from Prize Bonds to National Solidarity Bonds. The rate cuts range from 0.35% to 0.95% on the AERs that were available on the previous issues of these products. See our updated list of the Best Fixed Rates […]
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