Back in April 2019, we saw the launch of Raisin Bank in Ireland , which describes itself as an online deposit marketplace. On 2 and 3 year fixed rates , with Raisin – you can get more than double the interest rates paid by banks in Ireland. Raisin Bank holds a full banking license under […]
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Cyprus struck a last-minute bailout deal in the early hours of Monday morning, aimed at preventing the island becoming the first country forced out of the single European currency. The deal spares all amounts in bank accounts below €100,000. Bank of Cyprus faces huge restructuring. No bailout money will be used to the recapitalise the […]
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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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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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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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