I could not believe my eyes when I read these new PTSB rates. PTSB have significantly hiked their business rates via the PTSB Signature broker product.
PTSB are now paying the below business/non-personal rates. PTSB define a "non personal deposit" as "Ltd, PLC, Credit Unions, Charity, Society and Club customers".
PTSB are paying businesses:
3.00% for 2 years fixed.
3.50% for 3 years fixed.
3.50% for 3 years fixed with monthly income.
3.75% for 5 years fixed.
3.75% for 5 years fixed with monthly income.
These rates are significantly above the rates offered by all other banks.
The best buys currently cover personal deposit rates only so I won't add these rates.
Reminders:
Deposit insurance is capped at 100,000 EUR now the ELG is gone.
Deposit insurance may not apply to all types of business accounts.
Also, today the IMF questioned the future of PTSB which does not currently have EC approval for a survival plan.
PTSB are now paying the below business/non-personal rates. PTSB define a "non personal deposit" as "Ltd, PLC, Credit Unions, Charity, Society and Club customers".
PTSB are paying businesses:
3.00% for 2 years fixed.
3.50% for 3 years fixed.
3.50% for 3 years fixed with monthly income.
3.75% for 5 years fixed.
3.75% for 5 years fixed with monthly income.
These rates are significantly above the rates offered by all other banks.
The best buys currently cover personal deposit rates only so I won't add these rates.
Reminders:
Deposit insurance is capped at 100,000 EUR now the ELG is gone.
Deposit insurance may not apply to all types of business accounts.
Also, today the IMF questioned the future of PTSB which does not currently have EC approval for a survival plan.