Connolly McCabe FB Ltd are authorised deposit brokers currently holding agencies with Permanent TSB and EBS. Deposit accounts can be on demand or a fixed term. A fixed deposit account is a type of savings account in which money is deposited for a stated period of time and a fixed interest rate is paid at the end of that period.
Most institutions are covered by a Government Deposit Guarantee Scheme.
Deposit Guarantee Scheme
The Deposit Guarantee Scheme (DGS) protects depositors in the event of a Bank, Building Society or Credit Union authorised by The Central Bank of Ireland being unable to repay deposits.
Deposits up to €100,000 per person per institution are protected. The DGS is obliged to issue compensation to depositors duly verified as eligible within 20 working days of a credit institution failing.
At Connolly McCabe FB Ltd we provide impartial advice on the most suitable deposit options available.
Contact us to arrange an appointment with one of our Financial Advisers.