Work is not always a misery for people. From experience of parents and friends parents, I have noticed that those that give up work, age quicker than those that continue working.
What I found great about the programme was the person that needed the help got a better return that suited her needs than Eddie with his Northern Rock!
I agree that they glossed over the equity release pitfalls, our Eddie has become a bit nonchalant about our skills. He should take a leaf out of Duncan's book which assumes we stil don't know what a cfl is !
The program was old because it had NR paying 4% but they are paying 4.3% now. Perhaps it was Anglo Irish Bank?Have just watched Eddie Hobbs show. The lady stated she went to her bank and got a 21 day account with interest of 4.75%. Did she mention the bank?
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The programme must have been made in 2006 which makes 4.75% even more attractive.
The program was old because it had NR paying 4% but they are paying 4.3% now. Perhaps it was Anglo Irish Bank?
I thought that the programme was very repetitive and just said the same thing over and over again (about deposit rates, equity release, retirement at 65 etc.)
She also spoke of her "champagne lifestyle on a lemonade budget" and yet she had managed to save almost €40K and own her own home. Didn't make sense to me...
Although she will get 5% on €10K from Rabo and 4.3% on the rest from NR if she could overcome her fear of online banks (both gross CAR).Correct. There was mis-information on the programme. She stated she was now getting 4.75% interest on a 21 day account. It may have applied to a regular saver account but not to her lump sum in the bank. She could not have got 4.75% then and she won't get it now on a lump sum of 38K.
Can I just check: does the rate you get with AIB depend on when you sign up for the regular saver account?
I think I'll try that approach with PTSB myself and see how I get on.
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