Last year I opened a dollar account with Anglo Irish Bank with an inheritance of 20K. It is a 1 month fixed demand account. It was the only account they could offer me.
At its highest, in Sept last, it made 5.45% and has dropped steadily since then. The rate for this month is going to be 3.1%. The bank can't/won't do any better.
Question: Would I be better off to cash in my dollars and lodge to a euro account? I can get 4.5% on a thirty day notice Euro account from Anglo Irish. Or I could drip feed it into a regular savings account and do better again. Or should I just sit tight?
I'm not very well up on these things and would appreciate someone else's take on this.
At its highest, in Sept last, it made 5.45% and has dropped steadily since then. The rate for this month is going to be 3.1%. The bank can't/won't do any better.
Question: Would I be better off to cash in my dollars and lodge to a euro account? I can get 4.5% on a thirty day notice Euro account from Anglo Irish. Or I could drip feed it into a regular savings account and do better again. Or should I just sit tight?
I'm not very well up on these things and would appreciate someone else's take on this.