Term deposit rates are currently up to 4.25% for a 1 year term with Raisin.
Some Irish banks pay 3.00% for various terms.
Not that long ago term deposit rates from Irish banks were near zero and Raisin offered low returns too.
Many commentators expect the ECB to start cutting rates next year. Some don't.
Maybe I'm stating the obvious but it would seem to me that now might be a good time to consider locking in rates before potential ECB cuts and banks start cutting too. But could be wrong.
Some Irish banks pay 3.00% for various terms.
Not that long ago term deposit rates from Irish banks were near zero and Raisin offered low returns too.
Many commentators expect the ECB to start cutting rates next year. Some don't.
Maybe I'm stating the obvious but it would seem to me that now might be a good time to consider locking in rates before potential ECB cuts and banks start cutting too. But could be wrong.