"If more than €1,000 is lodged to your Regular Saver Account in any one month, the surplus amount will be transferred to an Easy Access Savings Account."
I don't think so. Ony the regular saver accounts from various institutions are offering c. 7%. You'd need to check the various terms & conditions to see what sort of rate guarantees are offered. A lot of this is summarised in the Financial Best Buys forum for your convenience."they guarantee 4.50% so could change the 7% anytime"
Now that would annoy me ! Is there anyone that would guarantee 7% for at least 2 years ?
I don't think that the recent ECB rate increase will impact the regular saver rates which could well be set initially high to capture post SSIA savings but then may reduce within the year. Many institutions have already clarified their plans to pass on the recent ECB rate increase in part or full on other deposit accounts. Again keep an eye on the Financial Best Buys lists for updates."Keep an eye on financial institutions over the next week or so as they decide on increasing their rates following the latest ECB rise."
So am I better off waiting 2-3 weeks before deciding to open a new Savings account & see who offers the best rates, or just push ahead with Anglo ?
Kept lump sum for easy access in Credit Union where tend to get a dividend of 3% most years (less dirt tax) If want to drip feed into a regular savings from a lump sum try try put lump somewhere where you are still getting some interest while it is being drip fed.
The new EBS regular saver would appear to be better i.e. easy access to your cash and guarantee ECB+3% up to 1st April 2008.
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