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Best Savings account for couple

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  • 26-06-2008 8:29pm
    #1
    jimclub
    Closed Accounts Posts: 11 ✭


    hi all,

    me & my girlfriend are just in the process of renting our first apartment together. we are at the stage where we are starting to save for a deposit for our own apartment some day.

    we plan to save approx 1200 between us each month, any ideas or help with where or how to start saving + who with as we'r both kinda new to this.

    are there any saving schemes that would offer a good + secure return.

    we bank with aib + boi at present seperately

    thanks


Comments

  • Options
    #2
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Well AIB and BOI both offer regular savings accounts. In fact I opened one with AIB just today. The max you can save with AIB is 300p.m and with BOI 500p.m. Check out their websites and decide accordingly. TBH if you are looking to save 1,200p.m then BOI might be the better option. One sepaerate account for yourself and one for your girlfriend = 1k and then another joint with AIB for the balance would be the best option.


  • Options
    #3
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    The best rate on regular savers are at Anglo Irish (8%) upto 1k a month,
    Irish nationwide (7.35) max 1000 a month. Both beat AIb and BOI.


  • Options
    #4
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Make sure to read the T&Cs on all these accounts carefully. Some only allow you limited access to your cash (ie no more than 2-3 withdrawals a year etc). Just understand the limitations of the account and you'll be fine.


  • Options
    #5
    Lex_Diamonds
    Registered Users Posts: 2,468 ✭✭✭Lex_Diamonds


    I'd recommend Rabo Direct if flexibility is important to you. The savings account rate at the moment is 4.35%, but you can deposit as much as you like and withdraw any time you like. They also have decent term deposits that are easy to set up. Just set up a six month one there at 5.35%.


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