Tuesday 25 July 2017

Deposit accounts

How much is it worth to you to know that your bank won’t be vapourised in the morning? Rabodirect appears to be safe as houses, but pays rubbish interest.

Anglo, on the other hand, pays huge wodges of interest — but its future is highly uncertain. Yer money, up to €100,000, is still guaranteed by the State. Uh...oh. For a €10,000 deposit over one year.

SAVE ENOUGH FOR AN INDESIT 5123 WASHING MACHINE

Best: Anglo 1-year reward account — €350 in interest

Avoid: Rabodirect 1-year fixed — €80

Saving: €270 per year

contact: local branches

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