I was just talking to a BOI person about the Bonus SSIA saver scheme. The lump sum earns 4% and continued savings earn 6.25%. The coninued savings need to come from a current account. This 6.25% is given for up to 18 months.
However if you draw money out of the savings account it comes out of the lump sum and not out of the continued portion.
So in theory at least if you draw money out of the savings a/c every month into your current A/C with a Direct Debit feeding back into the savings A/C the money will earn 6.25%.
Not sure what this means in monitery terms
However if you draw money out of the savings account it comes out of the lump sum and not out of the continued portion.
So in theory at least if you draw money out of the savings a/c every month into your current A/C with a Direct Debit feeding back into the savings A/C the money will earn 6.25%.
Not sure what this means in monitery terms