Darach Honan

How to beat the banks

As a result of interest rate hikes from the ECB, banks have increased their interest rates on lending across the board this year. While interest rates have increased on the lending side, they are still offering nothing to the saver who has money on deposit.

Money kept on deposit ‘losing value fast’ says Clare financial advisor

MONEY that’s been kept on deposit is losing value fast, according to financial advisor Darach Honan. There is a high volume of cash on deposit in Ireland currently, however consumers are currently at risk due to historically high inflation levels. Darach Honan, of Honan Financial Services explains that keeping your assets in cash is essentially …

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