From the very beginning, we said we’d offer Irish savers a straightforward, no-nonsense, no-strings-attached savings product that gives you instant access to your money when you need it without penalties. Almost six years on since our launch in the Irish market and we’re continuing to do just that. From the start, we also said we’d strive to offer competitive rates and today’s announcement of our interest rate increase shows that we are continuing to deliver on that promise.
True and this is more example of them taking advantage of that. But as many people have realised if Ireland goes bellyup and out of the euro then these Rabo savings will most likely become a new currency too. A lot of people however don't know this and think having money in an Irish Rabo is like having money in an Amstedam Rabo.Rabo are taking advantage of being 'safe' with their very low rate of interest.
So far are AIB the only ones to increase their rates for lump sum desposit accounts?
And at that they dont seem to have increased the rates on the old ANGLO accounts?
True and this is more example of them taking advantage of that. But as many people have realised if Ireland goes bellyup and out of the euro then these Rabo savings will most likely become a new currency too. A lot of people however don't know this and think having money in an Irish Rabo is like having money in an Amstedam Rabo.
Capitalise the profits, nationalise the losses.
I have a lot of money in Rabo (Ireland). Ireland isn't going to go out of the Euro for quite a while (at least two years). It would, at the very least, require a referendum (barring some bizzare tanks on the street situation, despite our non-existant army). This isn't the case in most countries - it is in Ireland. Until there's talk of such a referendum, it doesn't really matter what country is holding your Euros. Even Germany, France etc forming their own Super-Euro would be breaking the terms of the Maastricht treaty and would require a new treaty of Europe. Such events will be well flagged up. People who talk about the demise of the Euro often don't think about the mechanics of such a break-up. I honestly think there's a lot of hysteria about the Euro (which is a very flawed currency, granted) and I think a lot of it comes from the UK. I would welcome any counter arguments.
SWERVE DRIVER - I note that nobody has seriously argued against your belief that the Euro will not break up.
I had asked a similar question in another thread ("default-what now ?") where I argue that there is little point in people taking money out of Ireland into either sterling or euros in germany and other NW European states. Besides the pointlessness of this exercise it is dangerous for the economy.
I would welcome -almost plead -with the experts in this field to put forward a cogent argument as to why it makes sense for the Irish to put their savings abroad.
Fortunately, as per Central Banks report yesterday, the capital flight has greatly eased, and so far relatively few Irish depositors have joined the rush to deposit money abroad.Except , presumedly,AAM posters.
i had money with hsbc from last november , had a sterling and a canadian dollar account , have brought all my money back and closed both accounts , in terms of wealth preservation , from now on its rabbo bank + gold
honest question, I have cash, what is the easiest way going about actually buying or investing in gold?
Fortunately, as per Central Banks report yesterday, the capital flight has greatly eased, and so far relatively few Irish depositors have joined the rush to deposit money abroad.Except , presumedly,AAM posters.
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