No, but why would anyone open one? They pay 0.25%.Does anyone have any experience of opening a Fixed Term account with the EBS?
No, but why would anyone open one? They pay 0.25%.
I have €150k to invest in one of our bricks and mortar banks here in Ireland.
Which bank is offering the best return for
A one year fixed term.
A two year fixed term.
A three year fixed term.
I am considering a State Savings Product for 3 years....how does this stack up and is investing there for that extra year worth it?
The bank of Mum and Dad may need funds over the next two years but maybe not for 3 years.
I was actually thinking about this today. I have money in the "overseas disruptors", but I have also cashed in some recent State Savings products with the intention of reinvesting them after 1st October. Before I commit them I decided to look at the options available in the Irish market, in particular the bricks and mortar ones.Which bank is offering the best return for
A one year fixed term.
A two year fixed term.
A three year fixed term.
I am considering a State Savings Product for 3 years....how does this stack up and is investing there for that extra year worth it?
The bank of Mum and Dad may need funds over the next two years but maybe not for 3 years.
However, hypothetically, if rates reduced following any ECB hypothetical reduction, at end year 2 with AIB you could regret not taking 3 years with PTSB if 3% not available anymore.The 3 year fixed PTSB rate does not look attractive compared to the 2 year AIB rate.
Yes. This is always a consideration. I am not sure that rates are going to fall and would gamble on that. But the best thing to do would be to hedge against rates going up or down and maybe just go for two years?However, hypothetically, if rates reduced following any ECB hypothetical reduction, at end year 2 with AIB you could regret not taking 4 years with PTSB if 3% not available anymore.
The PTSB 3 year fixed term is subject to DIRT.€50,000 AIB one year fixed term at 2.50% AER
€50,000 AIB two year fixed term at 3.02% AER
€50,000 PTSB three year fixed term at 3.00% AER
Please excuse my poor math and understanding of this.State Savings 3 year Bond is 4% in total over the three years, or 1.32% AER. Grossing this up to allow for DIRT its 2% AER. So PTSB are offering more.
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