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  • Deposits are current or demand accounts held at a bank or credit union.  Returns on deposits are paid out as interest and pay either monthly or at the end of a term.  Interest rates are based on ECB rates.
  • Deposits do not keep up with the rate of inflation so this would be considered a risk.  Since rates are based on ECB rates, there is also a risk of interest rates changing and no longer meeting your financial objectives.
  • Another risk is that the bank or financial institution could default, however deposits are covered up to €100,000 by the Deposit Guarantee Scheme.
  • Typically with deposits, there is no term in time.
  • Interest is usually subject to DIRT and PRSI.
  • Access to funds is quite easy and there are no explicit charges.
  • Deposits are suitable for investors who need readily accessible emergency funds; allocation of a portion of portfolio to meet diversification goals; and risk-adverse investors.



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