Have about €18k in Nationwide UK(Ireland) Easy Access a/c.Looked at it this morning and its only earning about €20 a month interest,2% p.a.
Had a look around their site and saw their Regular Saver a/c pays 4%.So would I be better transferring €1000 a month(which is the max allowed) over to it?Its a 15 month term but allows 2 free withdrawals which I like.Somebody might be able to help me with the Maths on this!
Edit-Rang Nationwide,they dont allow internal transfers,money has to come in from an external source to their Regular Saver.Seems strange as I might move that money out altogether from them now.Advice anyone?
Mad, isn't it! Move your money to another 2% account, there are plenty, and then feed it back to the Regular Saver at €1000 a month. It will make a difference of about €120 over the 15 months by my calculations, but I'm no math genius.
Maybe for that extra you can't be bothered? I would.
Yeh,might move it all to KBC Smart Access a/c and then feed it back to the Regular Saver as you said.KBC offer 2.3% which is a wee bit better than Nat UK.Its not gonna make me massive money but its a few extra bob!Better I have it than the banks.
But that KBC account only gives read access online, according to summary on deposit best buys anyway? You're hardly gonna go into bank each month and do manual transfer!
To get money out of a KBC Smart Access account you have 3 options:
(1) If you have KBC current account, which incurs fees, you can withdraw online or
(2) You can withdraw in a KBC branch or
(3) You can do it by post by posting [broken link removed].
If it is too much of a pain in the ass to do any of the above options then:
(1) Move the lump sum to the PTSB Online Instant Access account @2.25%.
(2) Wire up to 1,000 EUR monthly online from the PTSB Online Instant Access to a PTSB Current Account.
(3) Wire up to 1,000 EUR monthly online from the PTSB Current Account to the Nationwide UK Regular Saver account @ 4.00%.