I have just locked some money into PTSB at 3.06%. I have another few quid in an account due to expire this month.
I want to move this wedge out of Ireland. Was thinking of sending some to Keytrade Belgium as I already have an account open with them. I don't think Belgium splitting will affect this.
Was thinking of putting the rest into HSBC offshore account in the Channel Islands. Pros are that its out of the EU so if they do decide to take a chunk from depositors I should be ok. Negative is I will earn no interest on it. What do people think of this and what are the factors I should take into consideration?
I have considered that if there is no tax on depositors and everything else stays ok, I will lose in interest. However with increasing DIRT and decresing interest rates, this doesnt bother me to much. My primary aim is to protect my deposits. Can I have your opinions or can anyone offer alternatives?
I want to move this wedge out of Ireland. Was thinking of sending some to Keytrade Belgium as I already have an account open with them. I don't think Belgium splitting will affect this.
Was thinking of putting the rest into HSBC offshore account in the Channel Islands. Pros are that its out of the EU so if they do decide to take a chunk from depositors I should be ok. Negative is I will earn no interest on it. What do people think of this and what are the factors I should take into consideration?
I have considered that if there is no tax on depositors and everything else stays ok, I will lose in interest. However with increasing DIRT and decresing interest rates, this doesnt bother me to much. My primary aim is to protect my deposits. Can I have your opinions or can anyone offer alternatives?