ebs family saver question

mark123can

Registered User
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28
Features


  • Rolling 1 year fixed regular savings account
  • Opening lodgement can be any amount from €1-€1,000
  • Monthly lodgements are by direct debit only
  • Access is permitted with 2 withdrawals- one at any stage, and the other at the end of the 1 year term
  • From year 2, there is an added feature of lump sum lodgements upto a maximum of €50,000 per year.


this account is fixed at 5.1% for the first year and will be a a fixed similar amount in the second year as well with the bonus that lump sums up to 50,000 may be lodged

will that €50,000 accumulate interest at the same rate as the initial innvestment of 12,000 (around 5.1%)?

or alternatively would there be a much worse interest on the lump sum lodged in the second year like (2.0% ?
 
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