Tomorrow, KBC will launch [broken link removed]. The account pays 3.5% which is a price match of the PTSB Online Regular Saver rate.
However, the account is not as flexible as the PTSB Online Regular Saver as it has a mandatory direct debit requirement.
It appears to be the case that the standing order cannot come from a KBC account and must come from a current account. Hence, if you want to move money from your KBC Smart Saver to the KBC Regular Saver. You might need to manually move money manually from the KBC Smart Saver to a current account and then via standing order to the KBC Regular Saver account.
Details from the best buys ...
However, the account is not as flexible as the PTSB Online Regular Saver as it has a mandatory direct debit requirement.
It appears to be the case that the standing order cannot come from a KBC account and must come from a current account. Hence, if you want to move money from your KBC Smart Saver to the KBC Regular Saver. You might need to manually move money manually from the KBC Smart Saver to a current account and then via standing order to the KBC Regular Saver account.
Details from the best buys ...
KBC: Regular Saver Account
3.50% on €1 to €50,000.
2.55% on €50,000 to €1,500,000 on the the whole amount if the balance exceeds €50,000.00
- Minimum per month: €100 per month.
- Maximum per month: €1,000 per month.
- Access: Instant access.
- Lodgement method: Mandatory direct debit requirement. 2 payment breaks per year allowed provided 14 days notice given.
- Minimum period: None.
- Interest type: Variable.
- Interest payment frequency: Annually. Annual interest is credited to the account on 31 December.
- The amount being saved per month can only be changed by written request by providing at least 14 days notice.
- Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.