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Best Bank for SSIA lump sum

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  • 09-05-2007 10:14am
    #1
    mel123
    Registered Users Posts: 2,204 ✭✭✭


    HI,
    I have no plans for my SSIA for maybe the next year (moving house then). Anyway, where is the best place to leave it, about 16k, to gain some interest perhaps? Most bank accounts offering good interest seem to be for people going on to save again, nothing about leaving ur SSIA in the account. Any recommendations??


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    #2
    sirpsycho
    Registered Users Posts: 876 ✭✭✭sirpsycho


    rabodirect prolly. been thinking of moving my ssia cash there, best interest rate


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    #3
    Tom Dunne
    Registered Users Posts: 23,212 ✭✭✭✭Tom Dunne


    Rabo give the best interest rate for a lump sum, 5%, but it's only for the first €10,000.

    All the others that are offering 7%+ are just for regular savers, no lump sum there.

    Mine's in Rabo for now. :)


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    #4
    Zaph
    Registered Users, Subscribers Posts: 47,304 ✭✭✭✭Zaph


    Best online rates are Rabo and Northern Rock. If you prefer a bricks and mortar bank, Anglo Irish (30 day notice) and NIB (demand) seem to be offering the best rates.


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    #5
    TheDriver
    Registered Users Posts: 12,496 ✭✭✭✭TheDriver


    Rabo though some would suggest putting first 10k into rabo and rest into northern rock. Rabo are easy to use.


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    #6
    mel123
    Registered Users Posts: 2,204 ✭✭✭mel123


    Thanks guys, will log onto Rabo now


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    #7
    leche solara
    Registered Users Posts: 2,151 ✭✭✭leche solara


    There's plenty of information in the Deposit Survey here:

    http://www.ifsra.ie/frame_main.asp?pg=%2Fconsumer%2Fcr%5Ffpq%5Fintr%2Easp?cat%5Ffpg=1&nv=%2Fconsumer%2Fcr_nav.asp


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