DEPOSIT ACCOUNTS
Cash deposits are an undervalued part of financial planning. Maximising the return on a deposit account is not always the number one goal for an investor. Two important factors have to be taken into consideration before opening any deposit account:
ACCESS
How liquid is my deposit account? Are the funds available on demand or are the funds fixed for a certain period of time without any withdrawal facility. What would happen if I needed the funds in an emergency or if I became worried about the financial strength of a bank?
SECURITY
How financially secure is the bank where I invest my deposit funds? Am I covered under the Deposit Guarantee Scheme in the event of the bank becoming insolvent? What is the banks Credit Rating and can I rely on the Credit Rating as a true reflection of the financial strength of the bank?
To discuss your deposit account requirements in more detail, please do not hesitate to contact Capital Options on 01 775 9448.