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.
 
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