EBS now paying 3.64% for a 5 month Term Deposit

Looking at the calculator on this link



The 5 month pays €282.94 interest on 25k @ end of term.

Would DIRT be applied to this after?
Thanks
 
If you deposit a cheque you have to wait 5 working days for it to clear..no interest in those days. Also people should remember you get less for the first month than the last month of the year because of interest on interest etc. Otherwise a good deal.
 
Note the small print on the brochure says that the closing date for this is 24th September 2010 and may be earlier if the product is fully subscribed before then.
 
My 1 year term account with EBS expired last week. I tried to re-invest it in this 5 month product but they refused to accept it as it wasn't ''new'' money. I then told them I would withdraw the money altogether on Monday and come back with it on Tuesday. Again they refused it saying ''they would know it had come out of an EBS account.'' I had to withdraw it altogether and have lodged it with Nationwide UK.
 
oldtimer, if you have the funds in Nationwide UK on easy access, you could try withdrawing a slightly lower amount than you took out of EBS, then you could present it on a Nationwide UK draft, and say it was "new" money from funds that had been on deposit there.
I "recycled" an EBS deposit through Halifax this way, the last time they had a good offer on.
 
Would it be safe to deposti 100k with ebs. I have withdrawn funds from aib online 7day ac and my ulsterbank e savings as i felt this is a much better deal for my lumo sum. Just wondering would it be safe as its my life savings at the minute....if ebs were sold would this effect my deposit. Sorry but Im clueless when it comes to deposits. any advice appreciated.
 
pennies, Make a decision very fast, the EBS term deposit rate offer expires tomorrow, September 24th 2010.

Your EBS term deposit is Irish state guaranteed. EBS is controlled by the Irish government. Your deposit is as safe as the solvency of the Irish state.
 
CiaranT said:
Your EBS term deposit is Irish state guaranteed. EBS is controlled by the Irish government. Your deposit is as safe as the solvency of the Irish state.
Click to expand...

It's just that last bit about "as safe as the solvency of the Irish state" that niggles a bit. Does anyone else get a feeling of desperation in the air on their part to try lock in funds for longer periods with this new headline rate? It's the only offer that hits you on their website, where formerly different options used to appear every few seconds, you really can't miss it, and yesterday I passed an EBS and the entire window appeared plastered with 3.6% posters. Ok, so they're doing a good job advertising their new product as you'd expect, so what? Well, I don't know, maybe I'm just being over cautious and the product really is as safe as ... "houses"? .."the Irish state"?. It certainly is the best rate around and no less safe than any of the other domestic banks, so I suppose it all boils down to how long you feel comfortable with locking your money away in an Irish bank for.
 
I will give you 30p in 1 Euro and call it quits, cause I don't have any more as its all gone, Brian Lenihan

Ramona Ruiz, a retired textile worker, railed at an empty ATM machine, "That is my money inside that bank, mine!"[5] Another, unidentified woman yelled at a government spokesman: "How dare you take my savings." Jose Valenzuela, an Argentine salesman, stated, "It's as if while I am talking to you I'm swiping the change from your pocket."[6] More poignantly, an Argentine businessman lamented, "It is trampling on our liberties. . . . I feel my civic rights, my private rights, have been violated."[7] Finally, Argentine union leaders incisively denounced the policy as "the hijacking of a nation's savings."[8]

Ref: http://mises.org/daily/890
 
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oldtimer said:
My 1 year term account with EBS expired last week. I tried to re-invest it in this 5 month product but they refused to accept it as it wasn't ''new'' money. I then told them I would withdraw the money altogether on Monday and come back with it on Tuesday. Again they refused it saying ''they would know it had come out of an EBS account.'' I had to withdraw it altogether and have lodged it with Nationwide UK.
Click to expand...

Only in the EBS.:rolleyes:
 
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