Can confirm this is correct.
https://personalbanking.bankofirela...t-Rate-Sheet-Effective-13th-November-2020.pdf
https://personalbanking.bankofirela...t-Rate-Sheet-Effective-13th-November-2020.pdf
Bank of Ireland Now Paying 2.5% for Children's Savings Account - max €5,000
- Thread starter Lightning
- Start date
Banks are great at informing customers of changes. Both of my kids have young savers accounts. I received a letter for each account on 3rd September detailing the rules around the €5000 limit and the 2.5% and 0.25% rates. No mention of the changes coming into effect in November, which make this information irrelevant as far as I can see.
Completely agree. I only opened youth saver accounts a few weeks ago for my kids under the impression that the bonus rate of 2.5% was staying in place. Information given was very misleading.
AndroidMan
Registered User
- Messages
- 441
Any good alternative accounts out there??
Did you turn over the page?
I too received two letters dated 03 September. On the first page it indicated that some information had previously not been clear. And this was then clarified.
Then, on the second page, following the apology the new interest rates were detailed, stating these would take effect as of 13th November.
To my eyes, this could not have been made clearer.
I too received two letters dated 03 September. On the first page it indicated that some information had previously not been clear. And this was then clarified.
Then, on the second page, following the apology the new interest rates were detailed, stating these would take effect as of 13th November.
To my eyes, this could not have been made clearer.
Attachments
I haven’t check yet.
You are absolutely right. I stupidly assumed they had delivered the message on the first page. I like the end of the letter where it says "You don't need to do anything". Well, apart from look for a better place to put the account balance maybe
Plausible. EBS are changing rates on 24 November 2020 but they have not published a new list yet.
Where did you hear that? I was just about to open with them, but no way will I bother if they are reducing this to 1%
Post #20:
Savings Account for Child?
Hi, We recently had a baby and we want to set up a savings account for her. The purpose of the account will be for her future education. Can anyone recommend a suitable account, please? We are considering the Post Office. MM.
www.askaboutmoney.com
Just checked my post. I got a letter confirming this.
