A sneaky little cut when they think no-one's looking?
Writing off to close both my accounts today - check the best buys for alternatives.
A sneaky little cut when they think no-one's looking?
[broken link removed]
Writing off to close both my accounts today - check the best buys for alternatives.
Most deposit rate changes happen when ECB rates change.What was so 'sneaky' about them cutting the interest rate?
Was this not in the terms and conditions you signed up to?
Immediately it's going to Halifax Flexisaver @ 3.75% and some to Anglo Premium Demand @ 3.6%.Let us know which product and which bank you move your cash to.
I just looked at the EBS website, looking to switch, and it says the interest rate on the Family Saver is 4.85%
EBS Family Savings Account
4.85%
Regular lodgements required (standing order only) : Minimum €100 a month; Maximum €1,000. Interest rate is fixed for year one.
NB: "Prevailing" rate in year two. You can make a maximum of two withdrawals a year, one at any time and another at the end of the term. Also, the monthly amount can only be changed by written request.
Most deposit rate changes happen when ECB rates change.
But yes, this is totally in line with T&C's, I'm sure it was advertised in the press etc, and not all banks follow the example of the likes of NR who write to you when they change rates.
At the end of the day, the likes of AIB/BOI have high overheads and a direct line to Brian Lenihan whenever they need cash, so why bother paying decent rates to their depositors.
Immediately it's going to Halifax Flexisaver @ 3.75% and some to Anglo Premium Demand @ 3.6%.
These accounts offer instant access with no need to keep them fed with regular cashflow.
From there, the money will be drip fed to some or all of the following:
Anglo Reg Saver @ 5.5%
EBS Family Saver @ 5.1%
First Active Reg Saver @ 4.75%
Ulster Bank Reg Saver @ 4.75%
Bank of Ireland Easysaver @ 4.25%
INBS Reg Saver @ 4.35%
Well I'm one of the dozy AIB customers - just realized that my regular savings a/c is only earning 1% gross.
AIB: Regular Saver
3.50% (>= ECB until 1 Jan 2010).
Note 1: Interest paid in Apr and half in Oct.
Note 2: Regular lodgements required by direct debit only.
Note 3: Minimum €10 a month; Maximum €500.
Note 4: Payment holiday allowed under certain circumstances.
Note 5: You must have a suitable AIB account to open a Regular Saver Account for both lodgements and withdrawals.
Note 6:NB: At the end of the 12 months the account interest rate will change to AIB's standard variable rate.
Note 7: Different conditions apply to accounts open prior to 14th April 2009.
.is there anything out there better than this account