My understanding is that after paying in €1000 per month for 12 months you can stop paying in 1000€ and leave the monies there. Ok you only get 2% on 1000€ in 13th. Month and 0.15% on 11000 and 2% on €2000 in 14th. month etc. My question was does this equate to 1% pa before dirt.You can't leave €12,000 in for a year and get 2%. You can make €1000 per month deposits, but at the end of the year, you will have to take your €12000 out and start regular savings again, or the interest rate falls drastically.
Am I right that if I leave €12000 in for a year I will earn approx. 1% before dirt?
also I believe a person can hold 4 of these accounts.
You can't leave €12,000 in for a year and get 2%. You can make €1000 per month deposits, but at the end of the year, you will have to take your €12000 out and start regular savings again, or the interest rate falls drastically.
My understanding is that after paying in €1000 per month for 12 months you can stop paying in 1000€ and leave the monies there. Ok you only get 2% on 1000€ in 13th. Month and 0.15% on 11000 and 2% on €2000 in 14th. month etc. My question was does this equate to 1% pa before dirt.