Lightyear Paying 3.00% Instant Access, No Fees & 20k Protection

Just received the below email from Lightyear:

Lightyear increasing to 4.00% for those who refer - at least until the ECB change rates.

 
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I guess Lightyear will decrease their EUR rate to 3.00% on 12 June 2024 (which is the effective date of the ECB rate change) if they maintain the same margin.
 
I just noticed that Lightyear have just introduced "Savings Vaults" in multiple EU countries. But not Ireland sadly.

It is a blackrock MMF bubble wrapped product.

3.79% AER (after fees) on EUR with instant access.

Details here: https://lightyear.com/eu/vaults

Pity that it is not on offer in Ireland. I asked Lightyear last year why they did not offer MMF products in Ireland (Lightyear have offered other Blackrock MMF products for a while) and I was told that it was due to the tax situation in Ireland. Perhaps that is the reason for this too but the awful deemed disposal tax situation here has not stopped other providers.
 

Irish Times also imply that the reason that Lightyear are not offering the Blackrock MMF product in Ireland is our 41% deemed disposal tax.

Lightyear rate confirmed to be changing to 3%. The ECB rate becomes effective tomorrow.