Indeed.ClubMan said:Even now they persist with their misleading campaign advertising the fact that they offer the lowest variable rate regardless of the fact that this rate is still significantly dearer than competitive tracker rates available to many borrowers.
They definitely offered tracker rates a year to a year and a half ago.Dinarius said:But, whether or not you're correct about the length of time they have been offered, the quoting of their tracker rates in newspapers is a very recent thing.
ClubMan said:They definitely offered tracker rates a year to a year and a half ago.
I strongly suspect that they are wrong on this and that you need €127+ in a share/investment account! I have received incorrect information from them in the past so double check. Contact their membership/mutuality department. I was told that clearing my mortgage but keeping my Summit investments would continue to qualify me for membership. They were wrong and I lost my membership until I subsequently transferred €130 of my Summit SSIA to cash/deposits and regained membership.Dinarius said:ps........Just phoned EBS. Even €5 in a deposit account will make you a member
[broken link removed].Jo90 said:think they have stepped tracker depending on your loan amount and loan to value which is the standard method used these days.
ClubMan said:I strongly suspect that they are wrong on this and that you need €127+ in a share/investment account!
Dinarius said:I note on their website that members get personal loans, with no set-up fee, at 7.75% APR. This compares with 13.1% APR at NIB (I just called them two minutes ago) and 12.68% at my local credit union. Pretty impressive and worth regaining membership to avail of, IMHO.
Dinarius said:I just opened an EBS Members Savings Account. I made the point of asking if I needed to lodge a minimum of €127 and was told that they were frequently asked this question by people wanting to be sure of their position in the event of them de-mutualising. Apparently, it makes no difference. I have full voting rights even with a €1 initial deposit.
D.
Assuming it's the correct type of account - i.e. a share/investment account and not a regular savings/deposit account.Dinarius said:I've just transferred a little over a grand into the account. That should cover it! ;-)
ClubMan said:Assuming it's the correct type of account - i.e. a share/investment account and not a regular savings/deposit account.
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