CadetStimpy
Registered User
- Messages
- 11
Hello,
I've been lurking here for years (great site btw), but this is my first time posting.
Rabo pays 5% on amounts up to €10K and 3.75% on the excess balance over €10K. In this case that means 5% on €10K and 3.75% on €2K plus any interest earned in the meantime.I would put €12k in rabodirect savings a/c
Hi there,
Would put 5k into mortgage and get LTV<50% rate for your home,
it is presently about 0.15% bellow tracker rate with AIB. Other banks may even get you a better deal. Get your house valued now, some EA's will do
it free, things are tight now! You will only save about 300 euros but rather
you have it than the bank.
PS when you are applying for it ask the bank why they never told you about it
and wait for the silence!
Good luck
Rabo pays 5% on amounts up to €10K and 3.75% on the excess balance over €10K. In this case that means 5% on €10K and 3.75% on €2K plus any interest earned in the meantime.
If you want the best deposit rate on a €12K lump sum then you probably want to put it in First Active eSavings which pays 5.22% gross CAR on sums up to €15K and 4.33% on the full amount if that limit is exceeded.
On the other hand I suspect that moving money in/out of a Rabo account may be easier than a FA account but check the long running thread on the latter account for the latest.
If you want to further maximise deposit interest then you could couple such high rate lump sum accounts with one or more of the c. 7% regular saver accounts on offer (EBS seem to have fewest restrictions and maybe the best rate guarantee but check the terms & conditions to be sure).
Check the Financial Best Buys forum for more on best deposit rates on offer. Also double check that cash deposits for some or all of your money is appropriate in the first place.
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