DEPOSITS
Banks are finding it difficult to raise funds in the traditional wholesale markets and are eagerly looking to gather in deposits from retail and commercial customers. Unfortunately, many customers are not availing of these better interest rates because they are not aware of what is available.
As deposit rates are constantly changing please be sure to check your bank statement and call us to see the best rates we can access for you. Depending on your circumstances whether it be a lump-sum investment or regular saver we can advise you on the best rates that are currently on offer with the various institutions.
All current accounts, demand deposit accounts, term deposit accounts and building society share accounts with the following institutions are covered under the EU-wide Deposit Guarantee Scheme; whereby balances up to €100,000 are guaranteed by the state.
| AIB |
AIB Direct |
ACC Bank |
|
Bank of Ireland |
Danske Bank (National Irish Bank) |
Ulster Bank |
ICS Building Society
(The Mortgage Store) | Irish Life and Permanent
(Permanent TSB) |
|
|
KBC Bank Ireland plc | Pfizer International Bank Europe |
|
NB In certain circumstances and depending on certain conditions balances with the following institutions are currently 100% guaranteed by the state (as at January 2011)
|
AIB | AIB Direct | Bank of Ireland
|
ICS Building Society
(The Mortgage Store) | Irish Life and Permanent
(Permanent TSB) |
|
Customer balances with other banks operating in the state are guaranteed up to a maximum of €100,000 by their home state or for UK regulated banks up to Stg£85,000.
|
Investec Bank plc (UK) | Leeds Building Society (UK) |
| Nationwide Building Society (UK) |
Northern Rock (UK) |
| Rabodirect (Netherlands) |
|
If you believe you require further clarification on any matter relating to deposits please feel free to contact us for independent and impartial advice.
|