Raisin.ie Offering Deutsche Bank Savings with 1 Million Protection

L

Lightning

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Raisin.ie have started offering deposits under the brand name "EuroExtra".

Deposits placed with EutoExtra via Raisin.ie are deposited with Deutsche Bank.

The DB/EuroExtra instant access account has a 1 million maximum balance and pays 2.20% AER.

Deposits with Deutsche Bank are protected by the:
- Statutory deposit protection of 100,000 EUR and
- Voluntary deposit protection detailed below:

Might be of interest to anyone with a large deposit to place.
 
Starting January 1, 2030, private savers will be protected up to a maximum of €1 million
Click to expand...
The thread title seems a bit misleading given that this protection won't be available for another 5 years...?
 
The extra protection is €3 million right now. (3.1 million in total).

The extra protection will drop to €1 million from 2030.

The thread title says €1 million because the maximum deposit is €1 million in this account. Hence, the maximum protection you can get is €1 million because that is the account maximum deposit.
 
Sorry, I misread it and thought that the €3M protection was for companies. But the way that they describe the protections is a bit convoluted.
 
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