Ufirst Savings Account

R

Romero

Registered User
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OK recently took redundency from my Employer and took a lump sum of 55K, I had a U first current account in which I paid 9 Euros a month fee, now I went into my local branch today to switch to their Free banking current account, I was given the option of opening a UFirst savings account in which I would earn interest of 3.25% and could transfer money between my Ufirst Current account and savings account at any time. So if I left say 50K in the savings account I would earn approx 1625 euros per annum, but would still need to pay my 9 euros per month account fees.

So just looking for advise those this sound like a good deal? I take it I would have to pay tax on the interest earned any idea how much that would be?

Thanks

Romero
 
You can earn more by putting your money into another bank-see the Best Buys forum for more details.

In my opinion, the €9 fee is not worth much unless you are a mortgage customer.

Tax on interest earned is deducted at source by the bank and is 20%.
 
Have you checked the and [broken link removed]? You can do a lot better than 3.25% interest and €9 p.a. charges!

Post crossed with CCOVICH's!
 
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