Making Cents: How to ‘raisin’ your interest rate
Reporter:
27 Feb 2021
Central Banks throughout the world are trying to stimulate their economies and are using negative interest rates as the stick to banks and individuals to encourage lending and spending );
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In this article, I’m going to share with you how the interest a client of mine earned over three years’ in a particular type of account, would have taken her 131 years to achieve had she continued to leave it in a deposit account with one of the big banks here.
And I’ll also show you, how you can access interest rates from banks in Austria, Italy, France, Latvia, Czech Republic, Poland that are nearly 15 times higher than what Irish banks are currently offering.
Making Cents: How to get a mortgage in 2021 (part 2)
Reporter:
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Continuing, on from last week’s post, as promised the other four other areas I want to talk about when it comes to making a mortgage application are:
Savings
As a FTB, your minimum requirement is 10% of the purchase price and again they have some discretion to deviate from the Central Bank guidelines. But again, I would assume you have to show any lender you have the 10% at your disposal.
And what they’d like to see in this regard is a gradual build-up of savings over time.
The average purchase price of a property in Ireland is €269,522 which means if the property you’re buying costs that amount, you need to save €26,952. And the math is fairly simple when it comes to saving this amount in the time period you set yourself.
Application Deadline: January 22, 2021.
The International Youth Digital Leadership Council or “Digital Youth Council” is a 12-member council of young leaders between the ages of 16 and 24 years who are working on issues related to digital platforms and safety, and who are interested in reducing digital harm for children and youth.
Members will work together to advise, inform, and advocate for greater protection from digital harm as the US Agency for International Development (USAID) rolls out its Digital Strategy, thereby strengthening the next generation of digital changemakers and advocates.
Digital Council members are expected to start in March 2021 and serve for one year with the possibility of extension for a second year. The Council is supported by YouthPower2: Learning and Evaluation (YP2LE), a USAID-funded activity focused on building and disseminating the evidence on Positive Youth Development (PYD).
Application Deadline: December 21st 2020
The Care Leaders Council is a ten-member group of young leaders who have direct experience with alternative care (e.g., foster care, kinship care, etc.), and who are interested in advocating for improved systems of care. Care Leaders Council members will play a vital role in supporting USAID’s Center on Children in Adversity (CECA)’s implementation of the U.S. Government Strategy,
Advancing Protection and Care for Children in Adversity (2019-2023) (APCCA).
The Care Leaders Council is expected to start in March 2021 and serve for one year until March 2022 (with the possibility of extension for a second year, from March 2022 until March 2023.