Ask the Money Doctor: John Lowe on family finance

What’s a safe place for my savings?

15th June, 2014

I have €35,000 in my bank deposit account. I only found out this week the interest rate is 0.1 per cent so I am going to transfer it, but where is safe?

*Teresa, Dublin 6*

Safety remains the number one concern for many depositors. State Savings products, managed by the National Treasury Management Agency and mainly distributed through the Irish post office network, would be regarded as safe, and are guaranteed by the state. However, you are...

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