Halifax Monthly Saver a/c-any good?

J

JKForde

Registered User
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Re: Best value lump sum deposits (Euro)

Halifax Monthly Saver at 7% EAR - is this a good buy?
 
It is one of the best regular saving deposit accounts in Ireland.

Just two of them offer 7%, so it is very good.

Check the terms and conditions, though.
 
Protocol is correct - watch term and conditions on regular savers as they vary with different institutions. A person could put quite an amount away now on a monthly basis with interest of 7%.
(1) AIB maximum of €300 per month @ 7.10%
(2) Anglo Irish Bank maximum of €1,000 per month @ 7%
(3) Halifax maximum of €750 per month @ 7%

So one could save €2050 per month @ average of just over 7%. Include the spouse and double it. Some will allow a third account (joint). However remember all liable to DIRT at 20% so money into the pocket would be 5.6%. Still quite good for maturing SSIA's but again it is necessary to stress watch the terms and conditions with each institution.
 
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