PTSB changing some fixed term deposit rates

If your account matured since May and you let it roll over automatically you will get 2.25pc on the new term and that is what will display on online banking. You should have got 2.75 on the old term.

Imagine a fair few customers will do this despite the rate drops - good way for banks to make these term deposits "sticky". But PTSB allow you to access your money for an interest penalty, whereas with AIB, even on an automatic rollover, you'll wait until end of term, no matter what.
 
The lined items on my online account showed

Interest rate 2.25%
Dirt €
credit interest €

After a poster mentioned 2.25 was the new rate I did the math.

and Today I got a letter from PTSB to advise new rate 2.25 if I leave money in.
 
I went another year at 2.25 but took some off it out (14 day window from maturity date) - easy as I also have a PTSB Current Account.
 
Again just so it's clear anybody reckons they won't last say 12 months for the 1 year fixed term - '"In exceptional circumstances and at our discretion full or partial withdrawal may be permitted. Contact Deposit Services, 56-59 St Stephens Green, Dublin 2 to discuss your request. A charge will be applied on the sum to be withdrawn."
 
You must log in or register to reply here.
Back
Top