baldyman27
Registered User
- Messages
- 639
The other obvious question is am I wise to consider Anglo. I know deposits are guaranteed but I presume that's just the principle, not the potential interest.
If interest is your only concern with the guarantee
Are there other concerns I should have?
If Anglo Irish does run into problems (it's not in a healthy state at the moment) - your money will be covered by the Govt guarantee but it may be a while before you gain access to it.
In addition to any deposit in Anglo, the OP should discontinue his old regular saving account and open a new BOI Easysave account which offers 7% EAR variable on regular savings up to €5,000.
My query with this account is that it is a fixed term for 1 year but you can make unlimited withdrawals after 6 months which effectively negates this 'fixed' aspect and also as the rate is variable, what exactly is 'fixed' about the account at all ?
I actually have the Easysaver account but I read on another thread that the rate had dropped to 2%. Do you know if this is tue? Meant to ring and check today but forgot.
The only fixed aspect is the guarantee of ECB+2%
Both the Financial Regulator and the BOI websites say the rate is 7.00%. Look at the small print. The limit is 3,000 EUR for this rate and the monthly max amount is 500 EUR. You are better off with Anglo.
I am in the same situation only getting 2.5% with EBS optimise on 20k.Is first active covered by government guarantee as they are part of RBS?Thanks
Is first active covered by government guarantee as they are part of RBS?Thanks
I actually have the Easysaver account but I read on another thread that the rate had dropped to 2%. Do you know if this is tue? Meant to ring and check today but forgot.
Can anyone confirm that this is true
Both the Financial Regulator and the BOI websites say the rate is 7.00%.
The rate on BoI easysaver is 7% up to €5,000 and it then drops to 3%. So anybody who hits €5,000 should close their account and start a new one.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?