Lump Sum Move to PTSB

G

garyaka

Guest
I'm just about to move a lum sum of €50,000 to PTSB into their 35 Days Notice account, [broken link removed]

Any pitfalls I should be wary about?
 
See below, from the best buys thread for the key T&C's.

As per the below, the rate will change on January 26th 2010, you will not be paid interest until November 2010, 35 days notice for withdrawals.

Why are you going with this account?

[broken link removed]
1.50% on up to €10,000.
3.50% on €10,000 to €250,000 maximum until 25th January 2010.
3.35% on €10,000 to €250,000 maximum from 26th January 2010.
Note 1: 35 days notice required for withdrawals.
Note 2: Interest paid annually on first working day after 20th November.
Note 3: Information on the new PTSB rates from January 26th 2010 are [broken link removed].
Deposit Protection: Irish Government Bank Guarantee Scheme until September 30th 2010, Irish Deposit Protection Scheme only from October 1st 2010.
Click to expand...
 
Hi fungus, thanks for the info. I choose that account because I like the fact I can get access if needed and seem like a good interest rate.

Do you reckon it's a sound investment.
 
Maybe a silly point, but if you have over 10K in this PTSB 35day notice account do you receive 1.5% on the first 10K & 3.35% on the remainder? Or is it 3.35% on the entire sum?
 
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