Bank Deposits
TYPES OF DEPOSIT ACCOUNTS AND WHERE TO INVEST:
All deposit providers have a range of options to meet your particular need(s). In brief, this breaks down into THREE MAIN ACCOUNT TYPES: accounts that will have your money available to you ON DEMAND, SHORT NOTICE or after an agreed FIXED PERIOD. However, there are major distinctions within each of these three categories. Deposit providers differ in two main areas of importance to you:
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level of State Guarantee attaching to deposits
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Interest Rates
Our job is to identify (1) the most secure place for your money and (2) the best interest rates in the market. We hold Agency Agreements from (only) Banks and Building Societies covered by the Irish and British Government Deposit Guarantee Schemes.
Our online information system gives us real-time view of interest rates available from all of these – so you can see best available terms and interest rates.
Funds are transferred (in and out) by way of electronic funds transfer (EFT), giving you immediate access to your money – or, as required. Your location, or that of your bank account, for transferring or receiving funds is not at all relevant. So, no matter where you are living, be it in Cavan, Monaghan, Meath, Dublin, etc. funds can be transferred instantly to your chosen bank account. You do not have to travel or leave your home.
Why leave your money languishing in an ordinary bank deposit account that pays an uncompetitive rate of interest?
We can offer accounts in EURO, STERLING & U.S. DOLLARS.
Personal Deposits
The SECURITY of a deposit account is of primary importance. A reserve of cash on deposit that allows immediate access is essential for day-to-day needs in order to cope with unanticipated or emergency cash calls. After this, it is a matter of personal choice as to how you distribute your money across the other medium and longer term account types. Of course, we will be happy to advise on this, as well as giving you an insight into other types of investment, should you so wish. Indeed, there are several other CAPITAL SECURE investment options available in the market.
Business Deposits
There are a number of important lessons to be learned from the problems in the financial markets that beset us in 2007. Chief among these is the pivotal role that FINANCIAL LIQUIDITY plays in any business.
The folly of planning for development or business expansion in the ABSENCE OF ADEQUATE CASH RESERVES has been brought into sharp focus. The consequences became evident in the fallout from a plethora of badly structured investments and poorly financed asset purchases. For this reason the importance of OWN CASH to part-fund investment or asset purchase cannot be overstated.
When building up cash reserves for this purpose or, if simply waiting for the right opportunity to come along, a HIGH-EARNING DEPOSIT ACCOUNT is the starting block and the “safe pair of hands” to engage before you commit to a decision to purchase or invest.
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