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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 1:29 am 
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Anyone use the n26 (fixed-term) savings account?

https://n26.com/savings/


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 1:52 am 
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I'm very annoyed at this. I only just opened an account with Rabo having closed my account with NationwideUK Ireland.


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 2:38 am 
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Geo88 wrote:
Any good alternatives?

Get on a plane to the Netherlands and open an account with Rabo there. It's what I'm strongly considering.

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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 10:43 am 
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Old Time Landlord

Joined: Aug 21, 2007
Posts: 377
Yeah, I don't trust any of the Irish banks either. I've been using Rabo since the bust for this very reason.
As well as being on much more solid financial ground I like their 2 factor auth system.

Right now I'm strongly considering simply keeping my cash savings in my Interactive Brokers account until another reasonable option enters the Irish market.
IB has 30 million dollars worth of insurance per account, including up to 1 million dollars for cash. They also have multifactor auth.
Won't get any interest though, and in fact they'll start charging me negative interest over 100K! I don't keep that much in cash, though :)
(other IB downsides: needs 10K USD to open account, charges 12USD per month account fee until you have over 100KUSD in there - definitely not designed as a savings account :))
I would really prefer to keep cash savings elsewhere as well, just from a 'too many eggs in one basket' perspective...

Seems that the Central Bank has been blocking entry of the likes of Raisin into the Irish market - they are insisting they need an Irish license.

Anyone opened a Keytrade savings account lately? I might try that.


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 11:15 am 
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ps200306 wrote:
Geo88 wrote:
Any good alternatives?

Get on a plane to the Netherlands and open an account with Rabo there. It's what I'm strongly considering.

*if i was well off i wouldnt keep all my money with an bank. Diversity is surely the way to protect your assets. My few quid in stocks has always served me well (index linked + a few high risk tech rather than specific stocks)

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An increase in the number of paupers does not broaden the market. M. Kalecki


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 11:21 am 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3426
Location: Cathair na dTreabh
Geo88 wrote:
Any good alternatives?

Property :) Sure, it is a sure bet, sure it is.
House prices to rise 20% over next three years - ESRI

Nah.
N26 is a full online bank or others


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 11:28 am 
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Old Time Landlord

Joined: Aug 21, 2007
Posts: 377
temene wrote:
Geo88 wrote:
Any good alternatives?

Property :) Sure, it is a sure bet, sure it is.
House prices to rise 20% over next three years - ESRI


Aside from risk, transaction costs, and liquidity, totally comparable to a savings account ;)


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Thu Feb 22, 2018 11:00 pm 
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Single Home Owner

Joined: Sep 9, 2017
Posts: 192
Is KBC any use here. They seem to offer the 'highest' demand deposit rate. At a whopping 65bps


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Fri Feb 23, 2018 10:05 am 
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Epicurus wrote:
Is KBC any use here. They seem to offer the 'highest' demand deposit rate. At a whopping 65bps

They have a deposit limit on that particular account which makes it useless to me, at least. Though I see they have a higher credit rating than the domestic banks, which is the only criterion I care about. But it's still lower than Rabo's. Still finding it hard to decide on a suitable replacement for Rabo after a day of research. :(

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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Fri Feb 23, 2018 3:55 pm 
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Epicurus wrote:
Is KBC any use here. They seem to offer the 'highest' demand deposit rate. At a whopping 65bps

i thought KBC were in real hock at the time of the FC. Belgium is not a bastion of political or economic stability. KBC ireland plc is BBB-
https://www.kbc.ie/why-kbc/about-us/credit-ratings

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An increase in the number of paupers does not broaden the market. M. Kalecki


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Fri Feb 23, 2018 4:09 pm 
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Location: London, innit
https://www.raisin.com/

google throws up this - gives deposit options with banks across Europe; I''ve never heard of most of them though

https://www.raisin.com/bank/

however some have very decent ratings
Quote:
Euram Bank Austria Moody‘s Country rating Aa1


Keytrade Bank is the facilitator though


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Fri Feb 23, 2018 4:50 pm 
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Single Home Owner

Joined: Sep 9, 2017
Posts: 192
werpen wrote:
Epicurus wrote:
Is KBC any use here. They seem to offer the 'highest' demand deposit rate. At a whopping 65bps

i thought KBC were in real hock at the time of the FC. Belgium is not a bastion of political or economic stability. KBC ireland plc is BBB-
https://www.kbc.ie/why-kbc/about-us/credit-ratings


True. Mind you if it gets to that stage (ECB not backstopping a centralised founder of the EEC), Credit Ratings will probably be a bit academic.


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Fri Feb 23, 2018 10:14 pm 
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Joined: Jun 15, 2008
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Location: ZimbabwEire
Have two accounts with them,handy for putting money out of the way.Looks like I will have to find my key trade account details out of the back of the filing cabinet.

Soooo 2009

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"In a nation ruled by swine, all pigs are upwardly mobile—and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. We owe that to ourselves and our crippled self-image as something better than a nation of panicked sheep."
—Hunter S Thompson-The Great Shark Hunt, 1979


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Sat Feb 24, 2018 8:50 am 
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Epicurus wrote:
werpen wrote:
Epicurus wrote:
Is KBC any use here. They seem to offer the 'highest' demand deposit rate. At a whopping 65bps

i thought KBC were in real hock at the time of the FC. Belgium is not a bastion of political or economic stability. KBC ireland plc is BBB-
https://www.kbc.ie/why-kbc/about-us/credit-ratings


True. Mind you if it gets to that stage (ECB not backstopping a centralised founder of the EEC), Credit Ratings will probably be a bit academic.

I think it's more a case of new ECB policy will be to not backstop until after a depositor bail-in. Anyone taking comfort from the approach last time round could be severely disappointed. I'm not saying default is a likely scenario, just that if it happens a bail-in is inevitable.

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"Prediction is very difficult, especially about the future" – Niels Bohr


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 Post subject: Re: Rabobank [to Exit] commits to Irish Market[?]
PostPosted: Sat Feb 24, 2018 8:53 am 
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Real Estate Developer
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Joined: Mar 25, 2008
Posts: 820
Location: North Dublin
PyriteNation wrote:
Anyone use the n26 (fixed-term) savings account?

https://n26.com/savings/



Don’t think it is available for Irish customers at this point, at leat the app tells me so.


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