Best Buy Regular Savings Accounts

Discussion in 'Deposits' started by CiaranT, Jan 18, 2006.

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  1. CiaranT

    CiaranT .

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    Last edited: Oct 20, 2017 at 7:49 PM
    Rates are frequently updated. Information last changed: 20 October 2017.

    Highest Regular Savings Rate

    €100 to €1,000 Monthly - EBS: Family Saver - 3.00%

    Selected Regular Savings Accounts

    EBS: Family Savings Account
    3.00% for year 1 only up to €13,000.
    • Minimum per month: €100 per month.
    • Maximum per month: €1,000 per month.
    • Access: Instant access but maximum of two withdrawals a year, one at any time and the other at the end of the one-year fixed term.
    • Fees: None.
    • Lodgement method: Standing order mandatory.
    • Minimum period: 1 year.
    • Interest type: Fixed for year one, then fixed at the prevailing rate as at the 1st anniversary for year two.
    • Interest payment frequency: Annually.
    • Maximum number of accounts per person: One. In addition you may open one further account jointly with another personal customer.
    • Lodgement of an additional sum of up to €1,000 allowed at account opening stage. An additional lodgement is not mandatory.
    • Lodgement of up to €50,000 allowed at the first anniversary before your second year.
    • The year 2 rate is not published for this account. The year 2 rate will match the "rollover rate" for EBS 1 Year Fixed Term Savings Account. The rollover rate is not published on the EBS website, just the rate for new customers. Hence, the rate in year 2 might be a low rate.
    • You may be able to get the best return from this account by withdrawing your deposit on the 1st anniversary which is "at the end of the term".
    • The monthly amount can only be changed by written request.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    KBC: Extra Regular Saver
    2.50%* on €1 to €40,000
    0.05% up to €1,500,000 on the the whole balance if the balance exceeds €40,000
    • Minimum per month: €100 per month.
    • Maximum per month: €1,000 per month.
    • Access: Instant access.
    • *To get the 2.50% rate you must also open a KBC Extra Current Account and the monthly standing order needs to originate from your KBC Extra Current Account.
    • Fees: A KBC Extra Current Account may incur fees of:
      (1) €5 per year for the government levy for an ATM and debit card but only if you use the card,
      (2) Potentially other charges depending on usage.
    • If you fail to lodge at least €2,500 to your KBC Extra Current Account per month or close your KBC Extra Current Account you will lose the benefits of the Extra Regular Saver.
    • One lump sum deposit of €10,000 permitted.
    • Lodgement method: Mandatory standing order requirement. 2 payment breaks per year allowed.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Annual interest is credited to the account on 31 December.
    • Maximum number of accounts per person: One.
    • The amount being saved per month can only be changed by written request by providing at least 14 days notice.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    KBC: Regular Saver Account
    0.50% on €1 to €50,000 if you do not have a current account with KBC.
    1.50% including variable bonus interest* less fees of €24+** per year on €1 to €50,000 if you have a standard current account with KBC, a standing order from that account and the regular saver account opened after 14 April 2014.
    0.05% up to €1,500,000 on the the whole balance if the balance exceeds €50,000.00
    • Minimum per month: €100 per month.
    • Maximum per month: €1,000 per month.
    • Access: Instant access.
    • *To get the 2.50% rate, the standing order needs to originate from your KBC current account. This rate includes a 'bonus' of 1.00% that may expire in the future.
    • **Fees: It is mandatory to open a KBC Current Account in order to be paid 2.50%. A KBC Current Account will incur fees of:
      (1) €24 per year in maintenance fees,
      (2) €5 per year for the government levy for an ATM and debit card but only if you use the card,
      (3) ATM fees of 30 cent per transaction or free if you maintain a balance of €2,000 each and every day or non applicable if you do not use the debit card and
      (4) Potentially other charges depending on usage.
    • Lodgement method: Mandatory standing order requirement. 2 payment breaks per year allowed provided 14 days notice given.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Annual interest is credited to the account on 31 December.
    • Maximum number of accounts per person: One. In addition you may open one further account jointly with another personal customer.
    • The amount being saved per month can only be changed by written request by providing at least 14 days notice.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    Bank of Ireland: Mortgage Saver Account
    1.35% less fees
    on balances from €200 to €14,999
    0.25% less fees on lump sum deposits that did not originate from a direct debit.
    0.25% less fees on the whole amount if the balance exceeds €14,999.
    • Minimum per month: €200 per month.
    • Maximum per month: €2,500 per month.
    • Access: Instant access.
    • Fees: *It is mandatory to also open a BoI current account in order to open this account. A BoI current account is likely to incur fees.
    • Lodgement method: Standing order mandatory for 1.35% rate.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually in March.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.
    • You can make lump sum lodgements of up to a total of €20,000 to the account
    • A 10% bonus, less DIRT, is paid on the highest regular saver balance in the final 6 months before your mortgage is drawn down. It is subject to a limit of 3% of your mortgage amount.
    • When choosing a mortgage provider, other factors, such as the rate on offer, are normally far more important that mortgage sign on bonus promotions like with this product.

    Bank of Ireland: Goalsaver
    1.35%
    up to €15,00
    0.25% on €15,000+
    • Minimum per month: €20 per month.
    • Maximum per month: €2,000 per month.
    • Access: Instant access.
    • Fees: None.
    • Maximum number of accounts: 2.
    • Lodgement method: Direct debit.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Interest on the anniversary of account opening.
    • Sole accounts and joint accounts permitted.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    Bank of Ireland: 365 Monthly Saver Account
    1.20%
    up to €9,999
    0.25% on €10,000+
    • Minimum per month: €20 per month.
    • Maximum per month: €2,000 per month.
    • Access: 7 days notice required for withdrawals.
    • Fees: None.
    • Lodgement method: Standing order mandatory. Cancellation of standing order can cause automatic account closure and balance transferred to current account.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Interest on the anniversary of the date you get your account number.
    • Only available for those who also open/hold a BoI current account which may incur fees.
    • Sole accounts permitted only.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    Permanent TSB: Online Regular Saver
    1.00%* on €1 to €50,000.
    0.05% on the whole amount if the balance exceeds €50,000.01+
    • *Rate applies from 18 December 2017.
    • Minimum per month: €1 per month.
    • Maximum per month: €1,000 per month.
    • Access: Instant access.
    • Fees: None.
    • Lodgement method: Ad-hoc lodgements at the customers discretion. No mandatory standing order requirement.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Annual interest is credited to the account on the first business day after the 20th of November.
    • Maximum number of accounts per person: One.
    • This account is only available online.
    • Withdrawals from this account can only be made to another PTSB account and then to a non PTSB account OR alternatively by cheque. Hence, you must keep another PTSB account open if you want to make the withdrawal electronically. This does not have to be a PTSB current account which may incur fees, this can be a PTSB 'Demand Deposit Account' and the balance can be zero in this account. If you do not have either of these types of account you can make a withdrawal by writing to Permanent TSB Deposit Services, Carysfort Avenue, Blackrock, Dublin 4 and you will receive a cheque in the post.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    AIB: Online Saver Account
    Year 1:
    Month 1: 1.00%* up to €1,000. 0.01% above €1,000.
    Month 2: 1.00%* up to €2,000. 0.01% above €2,000.
    Month X up to Month 12: 1.00%* for month X up to €X,000. 0.01% above €X,000. Where X equals the month number.
    End of month 12: Entire balance above €1,000 reverts to 0.01%.
    Year 2:
    Month 13: 1.00%* up to €1,000. 0.01% above €1,000.
    Month 14: 1.00%* up to €2,000. 0.01% above €2,000.
    Month Y up to month 24: 1.00%* for month Y up to €Y,000. 0.01% above €Y,000. Where Y equals the month number minus 12.
    End of month 24: Entire balance above €1,000 reverts to 0.01%.
    Year 3:
    Month 25: as per month 13 as 12 month rate cycle recommences.
    • *Rate applies from 19 December 2017.
    • Minimum per month: €10 per month.
    • Maximum per month: None but €1,000,000 is the maximum account balance.
    • Access: Instant access.
    • Fees: None.
    • Lodgement method: Standing order mandatory. Ad-hoc lodgements possible in addition to the mandatory standing order.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Interest is paid annually in April.
    • Maximum number of accounts per person: Four.
    • Online only.
    • You must have a second separate 'suitable' AIB account both lodgements and withdrawals. This can be a 'Demand Deposit' account or a current account. A current account may incur fees.
    • NB: At the end of the 12 months the account interest rate will change to 0.01% for amounts over €1,000.
    • NB: You are best withdrawing all sums above €1,000 at each annual anniversary of account opening.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    AIB: Saver Account
    Year 1:
    Month 1: 1.00%* up to €1,000. 0.01% above €1,000.
    Month 2: 1.00%* up to €2,000. 0.01% above €2,000.
    Month X up to Month 12: 1.00%* for month X up to €X,000. 0.01% above €X,000. Where X equals the month number.
    End of month 12: Entire balance above €1,000 reverts to 0.01%.
    Year 2:
    Month 13: 1.00%* up to €1,000. 0.01% above €1,000.
    Month 14: 1.00%* up to €2,000. 0.01% above €2,000.
    Month Y up to month 24: 1.00%* for month Y up to €Y,000. 0.01% above €Y,000. Where Y equals the month number minus 12.
    End of month 24: Entire balance above €1,000 reverts to 0.01%.
    Year 3:
    Month 25: as per month 13 as 12 month rate cycle recommences.
    • *Rate applies from 19 December 2017.
    • Minimum per month: €10 per month.
    • Maximum per month: None but €1,000,000 is the maximum account balance.
    • Access: Instant access.
    • Fees: None.
    • Lodgement method: Standing order mandatory. Ad-hoc lodgements possible in addition to the mandatory standing order.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Interest is paid annually in April.
    • Maximum number of accounts per person: Four.
    • You must have a second separate 'suitable' AIB account both lodgements and withdrawals. This can be a 'Demand Deposit' account or a current account. A current account may incur fees.
    • NB: At the end of the 12 months the account interest rate will change to 0.01% for amounts over €1,000.
    • NB: You are best withdrawing all sums above €1,000 at the annual anniversary of account opening.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    Permanent TSB: 21 Day Regular Saver
    1.00%
    up to €50,000.99.
    0.05% on the entire balance over €50,001.
    • Minimum per month: €1 per month.
    • Maximum per month: €1,000 per month.
    • Access: 21 Days notice required for withdrawals.
    • Fees: None.
    • Lodgement method: Standing order or ad-hoc lodgements at the customers discretion.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Interest paid yearly on the first business day after 20 November.
    • Maximum number of accounts per person: Two. Your first account can be opened in branch. Your second account can only be opened via the PTSB call centre who post out an application to complete.
    • If less than 21 days notice is given, an interest charge of 0.0103% applies per day of notice not given.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    Ulster Bank: Special Interest Deposit Account
    0.85% up to €15,000
    0.15% from €15,000 to €100,000.
    • Minimum per month: €1 per month.
    • Maximum per month: €1,000 per month.
    • Access: Instant access.
    • Fees: None.
    • Lodgement method: Standing order mandatory.
    • Minimum period: None.
    • Interest type: Variable.
    • Interest payment frequency: Annually. Interest paid annually each October.
    • Maximum number of accounts per person: One.
    • Online access provided to account.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    Notes:
    • If you want to save on a regular basis, you should also consider instant access and notice accounts.
    • To increase your maximum monthly contribution, it may be possible to open a joint account with your partner, or you could choose simply to both open one account each.
    • There are separate threads for other types of deposit saving products. Specifically, there are separate threads on instant access and notice account savings and fixed term deposit savings.
    • You should confirm your rate periodically.
    • All rates are AER.
    • All rates are subject to DIRT.
    • All products above are open to personal deposits only.
    • Most credit unions pay very low rates on deposits and shares, but some pay good rates. It might be worth your while investigating the rates offered by your local credit union.
    Updates:
    • If you want email updates on regular saver rate changes, you can subscribe to this thread.
     
    Last edited: Oct 20, 2017 at 7:49 PM
    MrEarl likes this.
  2. CiaranT

    CiaranT .

    Posts:
    4,547
    Top post updated.

    AIB have reduced their regular saver rates.
     
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