boomboom4780
Registered User
- Messages
- 23
Hi,
With deposit rates been continually reduced, I have been looking around to see how I can get any kind of return on my modest savings. I have put my savings away in a fixed deposit account. I have roughly 5,000 left over which is in my current account at the moment. I bank with PTSB. I may need access to some of this money during the year so cannot put it in a savings account that I cannot access. I already have a regular savings account so my question is:
Would there be any point in opening an online instant access account ( currently 1.75% ) were i would try to keep around 5,000 in it but will probably be transferring money in & out similar to how a current account operates?
I expect that i would not get much of a return but would this idea be slightly better than just keeping the money in my current account which i hate doing or would there be no difference at all as the balance will drop & rise through the year?
Cheers, BB
With deposit rates been continually reduced, I have been looking around to see how I can get any kind of return on my modest savings. I have put my savings away in a fixed deposit account. I have roughly 5,000 left over which is in my current account at the moment. I bank with PTSB. I may need access to some of this money during the year so cannot put it in a savings account that I cannot access. I already have a regular savings account so my question is:
Would there be any point in opening an online instant access account ( currently 1.75% ) were i would try to keep around 5,000 in it but will probably be transferring money in & out similar to how a current account operates?
I expect that i would not get much of a return but would this idea be slightly better than just keeping the money in my current account which i hate doing or would there be no difference at all as the balance will drop & rise through the year?
Cheers, BB