After the recent rise in the Irish deposit guarantee to €100,000 Euro – UK residents will have more protection of their savings if they move them to an Irish based institution.
The UK Post Office accounts are provided by the Bank of Ireland – The Post Office’s cash Isa pays a respectable 6.25%, dropping to 5% after a year. The Post Office’s branch based Instant Saver offers 4.25% on deposits of £500 and above.
Anglo Irish Bank offers 7.05% on its one-year fixed rate bond and an easy access account paying 6.40% — just slightly lower than the best rate available from West Bromwich at 6.56%.
None of these accounts are available to Irish residents.