An Post Savings Schemes (Leaving Cert Home Economics): Flashcards
📚Flashcards
Practise the cards
13 cards from this deck
ShowHide
Practise the cards
13 cards from this deck
An Post: 3 key features
An Post: 3 key features
Reliability, easy access, diverse interest rates
Deposit account: what is it?
Deposit account: what is it?
Flexible savings, deposits/withdrawals without restrictions
Savings bonds duration
Savings bonds duration
Three years
Savings bonds interest type
Savings bonds interest type
Fixed-rate, guaranteed returns
Savings certificates duration
Savings certificates duration
Five to six years
Savings certificates tax benefit
Savings certificates tax benefit
Tax-free interest
Instalment savings scheme period
Instalment savings scheme period
Twelve months
National solidarity bond term
National solidarity bond term
Ten years
Demand deposit accounts flexibility
Demand deposit accounts flexibility
Unlimited deposits/withdrawals, no fixed period
Demand deposit suitable uses
Demand deposit suitable uses
Emergency savings or frequent transactions
Notice deposit withdrawal requirement
Notice deposit withdrawal requirement
Advance notice: 1 week to 3 months
Term length vs interest relationship
Term length vs interest relationship
Longer terms = higher interest rates
Early withdrawal from fixed-term products
Early withdrawal from fixed-term products
Financial penalties applied