Bank deposit alternatives
The current low interest rate environment is obviously great news for borrowers and mortgage holders, but obviously less so for savers and investors.
Recent reports confirm that deposits held by Irish households are at their highest ever, a massive €94 billion, despite deposit rates being at historically low levels and every indication that the low interest rate/low inflation cycle is due to continue for the foreseeable future.
A recent article in the Irish Times confirms deposit rates offered to Irish savers are the lowest in Europe at 0.18%, compared to 1.65% in the Netherlands.
However, there are low risk and/or capital guaranteed alternatives, so why not talk to us today and allow us provide, simple, cost effective solutions for you and your family.