Stocks, equities and steering clear of the ‘Magnificent Seven’ – Where the finance experts would invest a spare €10,000

The early summer of 2024 let in a glimmer of light at the end of the tunnel for Irish savers. They were starting to get rewarded for their financial prudence as the retail banks finally began passing on interest rate hikes imposed by the European Central Bank (ECB) – but only under the pressure of competition from fintechs. Revolut raised the bar in May when it introduced instant-access savings accounts with a deposit rate of 2pc for standard and plus members.

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