In the best buys post for deposits, the following it's written:
"2.10%* on €1 to €40,000
0.01% up to €1,500,000 on the whole balance if the balance exceeds €40,000"
Also, in KBC's term and conditions:
"Once the balance reaches €40,000 (including interest credited to the account), the full balance will earn interest at the then prevailing Standard Demand Deposit Account interest rate."
My current balance in the account is ~€34,000 and I'm depositing €1,000 per month. Does it makes sense to switch to €100 deposits to keep the 2.10% rate for longer and invest the rest in something different?
Thanks.
"2.10%* on €1 to €40,000
0.01% up to €1,500,000 on the whole balance if the balance exceeds €40,000"
Also, in KBC's term and conditions:
"Once the balance reaches €40,000 (including interest credited to the account), the full balance will earn interest at the then prevailing Standard Demand Deposit Account interest rate."
My current balance in the account is ~€34,000 and I'm depositing €1,000 per month. Does it makes sense to switch to €100 deposits to keep the 2.10% rate for longer and invest the rest in something different?
Thanks.