Might I ask what EII is? Thanks....possibly invest something in EII (40% tax relief available), which comes with risks, then, have a risk mixture for whatever is left, emergency cash funds, some in state savings, some in medium risk investments.
Considering PTSB and now KBC have reduced their already low savings rates, NTMA seems to be the best option paying 0.15% and drip feeding an Ulster Bank Home Saver account.
Is it advisable to consolidate savings and put them all in a state owned deposit facility?
It appears negative interest will be standard soon and I think it will provide an opportunity for the government to apply a deposit levy to fund the huge public spending debt it is incurring.
"You may only open Home Saver if you are resident in Republic of Ireland and saving to purchase your principal primary residence".
they'll be glad of your money.
Fair point re deposits.Those days are long gone.
Banks are drowning in deposits now and are charged to park them overnight.
They only encourage saving for a mortgage because they'll get a borrower at the end of the process.
I agree it's not enforceable!The "saving to purchase your principal primary residence" clause though?
Raisin.ie partner with european banks to offer irish customer decent rates in the current climate.
Eg 1 yr with portugese bank at circa 0.9%. Savage.
Is it advisable to consolidate savings and put them all in a state owned deposit facility?
I dont recall any bank offering c. 7.5% thenIn 2007 Anglo and INBS were offering c.7.5%. In 2020 we’re impressed with 0.9%
I dont recall any bank offering c. 7.5% then
Raisin.ie partner with european banks to offer irish customer decent rates in the current climate.
Eg 1 yr with portugese bank at circa 0.9%. Savage.
Do they offer a current account?It's alot better than sweet nothing from the Irish banks. I'm with Raisin, very good set up too.
That joke just flew on by!I don't think so, I use them just for savings. www.raisin.ie
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