BluOr

FLOOPER

Am looking at putting a few quid in their 1 yr fixed term 3.5%.

Firstly is this the best product out there as can't see anywhere else with higher rate.

StaticNoise

How much are you investing? This is important to note.

raisin.ie has some options, and with varying rates. If it's a personal amount, try N26 or other banks.

FLOOPER

I was going to put between 40-50 k in.

I have Trade Republic maxed out on 4% savings at the moment.

Alexus25

I've heard bad reviews/ complications with raisin and trade republic, I've invested in my bank with 3.25% tax free return

Saudades

https://www.boards.ie/discussion/comment/122027835#Comment_122027835

Which bank is that?

Alexus25

https://www.boards.ie/discussion/comment/122032889#Comment_122032889

AIB Northern Ireland

Q&A

https://www.boards.ie/discussion/comment/122033092#Comment_122033092

Out of curiosity is that a € or £ denominated account? If it's the latter its not comparable to the likes of BluOr, Raisin or Trade Republic which are all Euro and not subject to exchange rate risk.

Alexus25

https://www.boards.ie/discussion/comment/122040772#Comment_122040772

£, I've just heard people running into problems re raisin and trade republic when I looked up reviews, at my age I just want a stress free life and know there will be less issues with my finances, would rather go the safe road

Q&A

https://www.boards.ie/discussion/comment/122040783#Comment_122040783

Stress free and sterling-denominated accounts are not words that have gone hand in hand recently.

https://www.breakingnews.ie/business/sterling-plummets-to-fresh-37-year-low-as-uk-unveils-mini-budget-1367556.html

3.25% is not a bad rate but it's also less than what is on offer at the likes of Raisin (and BluOr). Personally, to even consider taking on that currency risk I'd want to be earning more not less than the € equivalent.

Alexus25

https://www.boards.ie/discussion/comment/122041670#Comment_122041670

Well my current job involves getting paid in sterling so it works quite seamlessly for me atm thankfully