Irish people could be earning up to four times more interest on their savings by moving their money to a European bank account.
Irish people could earn nearly four times more interest on their savings by moving their money to a European bank account.reporter Barry Whyte has been examining the interest rates on offer around Europe after Public Expenditure Minister Pascal Donohoe said people could deposit their savings abroad if they weren’t happy with the rates on offer at home.this morning, Barry said setting up a European bank account is ‘very straightforward’ – and perfectly legal.
Barry said there are several different platforms that can help you set up a European account –includingHe said he set up an account with Dutch company“You have to provide identification and a number of other details, but basically, it was just like setting up a Revolut account, which I think a lot of people have done in recent years,” he said.Then Finance Minister Paschal Donohoe, 27-09-2022.
He said Minister Donohoe was trying to nudge the banks towards offering better deals when he said Irish customers could deposit outside of Ireland. “He's trying to force them to up their interest rates because they have been, I suppose, stagnant for so long and it's always around 0.1% interest on deposits here,” he said.“So you could be earning maybe 0.1% in your Irish account and if you're going to be offered 3.6%, it's almost four times more on the interest you're going to get in your savings.
“So, you know, I think there's a power here of the consumer to improve the rates that are available for Irish depositors by getting out there and switching to these options.”
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Irish one-parent families fall below European average for purchasing powerNew figures suggest families do relatively well in income terms but impacted by poorer services and high cost of living
Leer más »
The luxury Irish design destination that celebrates Irish textilesDeirdre McQuillan: From socks and scarves to handknits and gloves, Stable have a fresh approach to traditional design
Leer más »
Irish Open final round tee times as Rory McIlroy surges into contentionThe Co Down man overcame a broken club and more drama on the 16th hole on Saturday to surge into contention
Leer más »
The Irish Times view on Ireland and the EU Nitrates Directive: farmers need support to adaptThe “polluter pays” principle applies to agriculture, but its application needs to recognise that government policy has driven the intensification of agriculture
Leer más »
The Irish Times view on the G20 summit : less than the sum of its partsThe summit’s consensus-based conclusions omitted any condemnation of Russia’s invasion of Ukraine, or its brutal conduct of the war
Leer más »