We have €50K in BOI - almost €40 in Special saver which continued on from SSIA and €10k in standard savings account. This is hard earned savings (as is most people's1) and is to guarantee my childrens secondary/tertiary education so cannot afford to only get €20K back if anything happens with BOI. Reading some threads, I'm thinking of going for EBS 18 month deposit and possibly Rabobank.
How safe is the EBS if anything happens them - is your money guaranteed?
AER is the annual equivalent rate. So let's say a bank quotes a rate for six months or a rate for 18 months, the AER shows you what the annual equivalent is.
It makes it easier for you to compare, say, "4% for 9 months" with "6.5% for 13 months".