5 ways to put your money to work in a low interest environment!
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For several years now, the European Central Bank has been driving down the cost of money. This is good news if you have a mortgage, especially a tracker mortgage or a standard variable rate mortgage. But it is not very good if you have a lot of cash on deposit.
So, with rates as low as they are, what might be some other ways depositors can put their money to use.
Here at St. Joseph’s Irish Airports & Aviation Credit Union, we have a few ideas:
Keeping your record up-to-date
Over the last number of weeks, we have been asking members that have not already done so to update their identification records.
The primary reason we ask for this information is so our credit union is fully compliant with national guidelines on anti-money laundering legislation.