What is the best option for putting £GBP on deposit? I have some sterling
currently and with the exchange rate so weak, plan on keeping it on deposit
until the rate strengthens again. Can afford to sit on it for a while, so term
type deposits are an option. Thanks in advance, apple1
I opened an account with Northern Bank in Enniskillen, with no hassles. Think the savings account is paying about 4.5%. You probably can get better with the likes of Northern Rock but this was hassle free. I tried to open one with Ulster Bank but it was too much hassle. I have a Euro account with NIB and can transfer between both with ease and no charges.
No I'd no problem with Northern Bank, they just required the usual, proof of address and passport. Didn't matter that you lived in Republic. Ulster bank were a bit more picky, looking for employers details etc.