Considering the attractive 6% on offer from anglo for fixed term deposits. Any risk with the current goings on? I know the capital amount will be safe, but will the interest be guaranteed up to the point where the bank goes out of business, if this happens?
Interesting question about the interest. Can anyone confirim if accrued interest is guaranteed or just the amount the saver has on deposit?
However with any Irish bank you still have the very real risks of Ireland leaving the Euro...
I think it’s very very unlikely that Ireland will be leaving the Euro anytime soon.
Therefore is it advisable to withdraw any cash on deposit and store it as securely as possible in this event?
... But I would say: spread your deposits across more than one Irish bank, and if possible, to non-Irish banks.
Excuse my ignorance but is it really worthwhile to lock away lets say 1000 Euro for 1 year just to get 52.50 interest (minus DIRT I assume) ?
Surely the 52 euro isnt enough reward to lock away 1000 Euro cash for 12 months?
I feel that non fixed rate saving accounts such as Anglo Premium Demand at 5.5% will drop rates a lot over the next few months
Is it worthwhile to lock away 20,000 for 1 year and earn 1000 Euro as opposed to leaving it in current account earning 0.5% interest or less?
I feel that non fixed rate saving accounts such as Anglo Premium Demand at 5.5% will drop rates a lot over the next few months
Excuse my ignorance but is it really worthwhile to lock away lets say 1000 Euro for 1 year just to get 52.50 interest (minus DIRT I assume) ?
Surely the 52 euro isnt enough reward to lock away 1000 Euro cash for 12 months?
that's what I'd like to know too. most of my funds are still in Rabodirect and I'm looking to diversify a bit more as soon as possible. I already have a decent sized sum locked into a Anglo fixed term account.What would you suggest as an alternative to achieve a better return ?
-pm
I have ready current accounts in AIB & BOI feeding into regular savings accounts with AIB,BOI & FA. (I know persons may say that % wise that BOI & AIB do not offer the best rates however I find it easier considering current accounts with both)