Hi there
I have deposits across several accounts amounting to roughly €55,000. I will be moving to the UK soon, and am trying to tidy-up my finances before moving. I am risk averse and want to put it into a lump-sum deposit account (either open-ended or with a maximum fixed term of a year).
There does not appear to be a huge difference between many of the products on offer but I see my likely targets as being Ulster Bank eSavings or Investec (1 year fixed).
My residency in the UK will likely be at least for the medium term.
I would appreciate views on the following:
(a) Am I better off taking my lump-sum to the UK and depositing it with a UK bank – are the rates and options generally better than here? If I did this would I lose out on the exchange rate anyway?
(b) As I will be resident in the UK, is it legitimate to have an Irish account whilst resident in the UK– as my parents will still be in Ireland, I can still have an Irish postal address.
Many thanks.
I have deposits across several accounts amounting to roughly €55,000. I will be moving to the UK soon, and am trying to tidy-up my finances before moving. I am risk averse and want to put it into a lump-sum deposit account (either open-ended or with a maximum fixed term of a year).
There does not appear to be a huge difference between many of the products on offer but I see my likely targets as being Ulster Bank eSavings or Investec (1 year fixed).
My residency in the UK will likely be at least for the medium term.
I would appreciate views on the following:
(a) Am I better off taking my lump-sum to the UK and depositing it with a UK bank – are the rates and options generally better than here? If I did this would I lose out on the exchange rate anyway?
(b) As I will be resident in the UK, is it legitimate to have an Irish account whilst resident in the UK– as my parents will still be in Ireland, I can still have an Irish postal address.
Many thanks.