Looking to open a fairly flexible savings a/c. I was looking at these and wondering does have anyone have opinions on them. At present I have an e-savings a/c but the rate seems to be lower than the e-s plus a/c.
Is the onlt difference (apart from the rate) that I need to put a minimum of 15,000 in the e-savings plus a/c?
no interest will be paid in any month where a withdrawal is made. If a withdrawal is made in any of the first 6months after account opening, the Bonus rate of 0.50% only will be paid on that month.
I parse that T&C as meaning no interest will be paid out in any month a withdrawal is made except for the bonus 0.5% rate which is paid during the first sixth months irrespective of whether a withdrawal is made.
So if you have €15k in the account and you don't close it completely at the start of the month just after the previous month's interest payment you'll lose about €60.
You can't drop your guard with this account after the first 6 months are up.
I open the esaver account with them as, at the time, they were offering a good rate (but can't remember what it was). then 2 months later notice that rate is gone down significantly and they have a higher rate on the esaving plus again. So set up the e-saver plus moving all the money from the original one to this one +extra from other source to bring it up to the limit allowed on the plus one. Just hope that this isn't like a game and that in another couple of months they will reduce the interest and advertise a new esaver plus plus account!!!!