Very good point....I didn't think of that! Hopefully I can set up direct debits 'cause there's no way I'd remember where the money's going.You should use all of them to get the best rates possible on your money. No point in just using one.
With Anglo you get 2k p.m. using your wife.
With BOS 750 p.m.
and with AIB 300 p.m. (Not sure if you can get another 300 for wife)
Looking at the responses, I can only conclude that if you own your home, have no debt, have maxed out your pension, and have a windfall amount (like myself from a rental house sale), then cash deposits maximising the rate wherever possible is the safest place for your "wodge" in uncertainty.
Murray, I got money recently from the sale of a house and this is what I have done:
AIB - 300e per month (for 2 years)
Anglo Irish Bank - 1000e per month (same)
Bank of Scotland - 750e per month (same)
National Irish bank - 500e per month (same)
National Irish bank (ECB tracker deposit account - 50k lodged into this at 3.75%, will rise should the ECB rate rise.
After 2 years, I will look at the situation again, I wanted low risk with access to the money for emergencies (except for Anglo Irish Bank and the NIB tracker account, both are 'locked').
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