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Best Deposit rate in town?

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  • 22-01-2009 5:11pm
    #1
    coldpaw
    Registered Users Posts: 133 ✭✭


    Hello all,

    Does anyone know who is offering the best deposit rate for a lump sum at the moment.

    I don't trust the stock market but would be looking to lock it way for only about 6 months.

    Do you reckon any money will be safe if banks go bust, what about Halifax and Ulster?

    Cheers for any help.


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    #2
    Jet Black
    Registered Users Posts: 3,843 ✭✭✭Jet Black


    Check this out on its you money. Depends on what your looking for.

    Even if any Irish bank goes bust you are guaranteed up to 100k.


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    #3
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    heymcflyx wrote: »

    Even if any Irish bank goes bust you are guaranteed up to 100k.

    Not entirely correct.


    Allied Irish Banks plc (AIB), Anglo Irish Bank Corp, Bank of Ireland (The Governor and Company of Bank of Ireland), EBS Building Society, ICS Building Society (also trades as The Mortgage Store), Irish Life & Permanent plc (Permanenttsb), Irish Nationwide Building Society. Postbank Ireland Limited

    All covered by the Gov guarentee scheme. Savings 100% guarenteed.


    Credit Unions - Irish Deposit Protection Scheme – 100% of deposits up to max. €100,000

    Post Office Savings Bank - State body, Irish Government guarantees all deposits


    Banks covered by the Irish Deposit Protection Scheme (max. €100,000)

    ACC Bank plc, Bank of Scotland (Ireland) Limited t/a Halifax, First Active plc, KBC Bank Ireland plc (formerly IIB Bank plc), Ulster Bank Ireland Limited


    Danske t/a National Irish Bank

    Danish scheme covers up to Kr300,000 or approx. €40,000. Irish Deposit Protection Scheme covers the balance up to max. €100,000.

    In addition, National Irish Bank's parent, Danske, is now covered by a Danish Government Guarantee Scheme. National Irish Bank deposit customers are 100% covered by the Danish Government Guarantee Scheme for the next two years.



    Banks covered by schemes in other countries

    Investec Bank (UK) Ltd
    The UK FSA
    Financial Services Compensation Scheme
    www.fscs.org.uk
    100% of the first £50,000 per person.

    Leeds Building Society
    The UK FSA
    Financial Services Compensation Scheme
    www.fscs.org.uk
    100% of the first £50,000 per person.

    Northern Rock
    The UK FSA
    Deposits held with Northern Rock are guaranteed by the Bank of England and HM Treasury.

    RaboDirect
    The Dutch Central Bank
    Dutch Deposit Guarantee Scheme
    http://www.dnb.nl/openboek/extern/id/en/all/41-117052.html
    100% of the first €100,000 per person. This applies from 7 October 2008.


    The full list is here - http://www.itsyourmoney.ie/index.jsp?1nID=93&2nID=100&nID=153&aID=620


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