Raisin Products

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Lightning

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Raisin have added the longest duration term deposit available in the Irish market (excluding State Savings) in some time. Raisin have added Aareal Bank 7 year term deposit that pays 3.00%. Obviously a very long time to lock your money away for but it might interest some.

Meanwhile, Raisin have added Carrefour Banque. Carrefour Banque are paying 2.21% instant access. Carrefour Banque/Raisin have told the Business Post here that they apparently intend to "shake up" the savings market here and launch term deposits soon too. I guess that means some higher paying term deposits are on the way.
 
Lightning said:
Raisin have added the longest duration term deposit available in the Irish market (excluding State Savings) in some time. Raisin have added Aareal Bank 7 year term deposit that pays 3.00%. Obviously a very long time to lock your money away for but it might interest some.
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Interesting but difficult to see who this would attract. The current issue of National Solidarity Bonds offers the same net return (22% in total, 2.01% AER), admittedly over a slightly longer period, with the advantage that you can withdraw in part of fully at any time(**) and you holding is unconditionally guaranteed by the Irish Government. The Raisin/Aareal product locks your money away for the full duration.

(**) Early withdrawal incurs an indirect penalty as the bulk of the interest on National Solidarity Bonds is paid in the last few years.
 
Lightning said:
That was quick - Carrefour Banque rate drops to 2.18% on 4 June 2025.

Banca Profilo are now paying 2.42% for 3 months without local withholding tax.
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We have very rapidly gone from having almost no choice in relation to deposits to being spoiled for choice and finding it difficult to keep up ! First world problems and all that.
 
Banca Profilo have a 3 month term deposit product paying 2.22% AER which offers instant access (you get your money inside 2 days) via early termination. 20k minimum. This pays higher than Trading212 and you get a guaranteed rate for 3 months.

Banca Profilo also have a seperate 3 month term deposit that does not offer early termination.
 
Rates for term deposits with maturities of a few years are trending upwards. (A bit like long-term bond yields).

Rates for 2-5 years have being growing in recent months with Raisin.ie and with some European banks. The latest Raisin.ie example is the new Hamburg Commercial Bank rates including a new market leading 5 year rate.

There is clearly a medium to longer term expectation of higher rates depite where the ECB Deposit rate is right now.
 
I got a mail from Raisin saying that TF Bank are increasing their interest rate for the demand deposit account from 2.07% to 2.12%.
Only a tiny increase, but it's the first increase in quite some time. I had expected it to be a decrease when I saw the subject line of the email.
Maybe more will follow.
 
Yeah, good to see a demand account rate, go up, rather than down, for the first time in a while. There are now a few demand account options that pay above the ECB Deposit Rate.
 
Freelance said:
Interesting but difficult to see who this would attract. The current issue of National Solidarity Bonds offers the same net return (22% in total, 2.01% AER
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But isnt the 7 yr Raisin option at 3%AER so versus 2.01% its vetter option?
 
@jim the National Solidarity Bonds are tax free. Whereas with the Raisin option you'll lose a third of the gain to DIRT.
 
Given the bond is over longer period (how long?) Then Raisin seems better option.

Think, with raisin, you can withdraw early on an exceptional basis if approved to do so. But in any case i dont envisage withdrawing early.
 
Lightning said:
Rates for term deposits with maturities of a few years are trending upwards. (A bit like long-term bond yields).
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With this in mind maybe its wiser to wait a few weeks to see if a rate betfer than 3%aer pops up
 
jim said:
Given the bond is over longer period (how long?)
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10 years.

10 Year National Solidarity Bond | Products | Ireland State Savings

The 10 Year National Solidarity Bond offers the highest return on your investment.
www.statesavings.ie www.statesavings.ie
jim said:
with raisin, you can withdraw early on an exceptional basis if approved to do so
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  • You may cash in your [National Solidarity Bond] products early and you will still get your original savings back in full with any interest due. See Terms and Conditions for full details
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ClubMan said:
  • You may cash in your [National Solidarity Bond] products early and you will still get your original savings back in full with any interest due. See Terms and Conditions for full details
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Be careful with this. The interest regime for National Solidarity Bonds (and other State Savings term products) is stacked severely against early withdrawals, and early withdrawals should only be considered as very last resort in the most extreme circumstances.

Some examples:
Withdraw after 1 year and 10 months - capital returned only, zero interest.
Withdraw after 4 full years, - capital + 3% ( 0.74% AER )
Withdraw after 8 years and 10 months, Capital + 13% (1.5% AER)

NSB should be considered a 10 year lock in, in all but the most extreme circumstances.

(In times gone by, State Savings had a far more benign interest rate regime, where the interest paid was almost constant over the life of the project and early withdrawals suffered only a minor penalty. This changed approx 10/15 years ago and has got worse with each new issue. There is now a severe penalty for early withdrawals, right up to and including the day prior to redemption falling due)
 
Freelance said:
Be careful with this. The interest regime for National Solidarity Bonds (and other State Savings term products) is stacked severely against early withdrawals, and early withdrawals should only be considered as very last resort in the most extreme circumstances.
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Yes - I was just pointing out that you could get access to the fund early but I assumed that anybody considering this option would check the terms and conditions before acting.
 
Banca CF+ have launched an instant access product paying 2.07% instant access.

Price matching 3 other instant access products.
 
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