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Which bank to put money in? Best interest rate

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  • 19-01-2010 11:35pm
    #1
    Fighting Irish
    Registered Users Posts: 7,065 ✭✭✭


    I have money in EBS, at the mo it is earning 2.1% over 3 months

    The maturity date is the 5th of Nov, and i want to find out which banks are giving the best interest at the mo for periods ranging no longer than 1 year

    Last year the money was earning i think 4.X% over a 1 year term at EBS, not sure what it stands at now

    Advice would be appreciated, Thanks

    ps any % i talk about is before DIRT


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    #2
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    Some of the best instant access rates and 1 year fixed rates shown here.
    Looks like 3.75% is about the highest now.


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    #3
    Fighting Irish
    Registered Users Posts: 7,065 ✭✭✭Fighting Irish


    Ogham wrote: »
    Some of the best instant access rates and 1 year fixed rates shown here.
    Looks like 3.75% is about the highest now.

    Thanks for the link


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    #4
    Andymfinancial
    Closed Accounts Posts: 60 ✭✭Andymfinancial


    Here are all the rates in ireland, the first numbers are the rates ie UB is 3.46 and the CAR is 3.5



    UB Regular SavingsDemand€13.463.5030/10/09 Anglo Irish Premium Demand A/cDemand€13.103.1014/01/10 Bonus Saver (incl bonus)Demand€100002.973.0030/10/09 NRock DemandOnlineAnnDemand€10003.003.0005/05/09 NRock DemandOnlineMthDemand€10002.752.7805/05/09 F/Act Demand Bonus(incl bonus)Demand€100002.482.5030/10/09 UB UR First SavingsDemand€02.302.3130/10/09 UB ur MoneyDemand€02.302.3130/10/09 NIB Junior SavingsDemand€10002.102.1012/01/09 RaboDirect BusinessSavingsDemand€12.002.0019/01/10 NIB Prestige SavingsDemand€12.002.0023/03/09 ptsb On Call VariableDemand€100002.002.0025/11/09 NRock Direct Saver Dmd AnnDemand€10001.751.7505/05/09 Bonus Saver (excl bonus)Demand€100001.721.7330/10/09 Postbank Premium SaverDemand€100001.551.5504/08/09 NRock Direct Saver Dmd MthDemand€10001.501.5105/05/09 Anglo Irish Easy AccessDemand€01.501.5014/01/10 Postbank Solid SaverDemand€01.501.5026/03/09 NIB EasyPlus SavingsDemand€11.501.5023/03/09 NIB Flexible SavingsDemand€11.251.2506/05/09 UB eSavingsDemand€11.251.2530/10/09 F/Act e-Savings AccountDemand€11.251.2530/10/09 F/Act Demand Bonus(excl bonus)Demand€100001.231.2330/10/09 BOI DualSaver - Lump SumDemand€01.001.0001/09/09 NIB eSaver DemandDemand€11.001.0018/03/09 AIB Instant AccessDemand€01.001.0001/10/09 NIB Midas Gold SavingsDemand€100000.650.6506/05/09 UB Ufirst Savings acDemand€00.250.2530/10/09 BOI Reserve DepositDemand€00.100.1009/04/09 NIB Instant AccessDemand€10.050.0506/05/09 EBS Savings Inst AccDemand€10.030.0301/04/09 UB Esavings Plus (excl bonus)Demand€00.010.0130/10/09 ACC Demand AccountDemand€100000.010.0129/05/09 BOI DemandDemand€00.010.0109/04/09 UB Easy AccessDemand€00.010.0130/10/09 UB Esavings Plus (incl bonus)Demand€00.010.0130/10/09 F/Act Instant AccessDemand€00.010.0130/10/09 Pathway (excl. bonus)Demand€00.010.0130/10/09 Pathway (incl bonus)Demand€00.010.0130/10/09 INBS MoneymakerDemand€00.010.0123/05/09 F/Act Saver Plus AccountDemand€10.010.0130/10/09 AIB DemandDemand€00.010.0101/10/09 F/Act e-savings Plus AccountDemand€10.010.0130/10/09


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    #5
    Andymfinancial
    Closed Accounts Posts: 60 ✭✭Andymfinancial


    sorry that didnt come out too well! If you want to PM me with the amount i will get best rate over 1yr for you


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    #6
    Pablo Sanchez
    Closed Accounts Posts: 1,207 ✭✭✭Pablo Sanchez


    Permanent TSB offers 4% on its 21 day notice account.


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    #7
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    Pablo Sanchez wrote: »
    Permanent TSB offers 4% on its 21 day notice account.

    ....but that is a regular saver account not a lump sum account. You can only put in a max of 1k a month .

    www.moneyguideireland


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    #8
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Truth be told if its a small amount you'd be better running it through a Halifax current account. At 7% it's the best. T&C's apply of course.


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    #9
    Fighting Irish
    Registered Users Posts: 7,065 ✭✭✭Fighting Irish


    stepbar wrote: »
    Truth be told if its a small amount you'd be better running it through a Halifax current account. At 7% it's the best. T&C's apply of course.

    :eek: 7%


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    #10
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    stepbar wrote: »
    Truth be told if its a small amount you'd be better running it through a Halifax current account. At 7% it's the best. T&C's apply of course.

    It's only been 5% since October
    The OP has a lump sum - the halifax account is a current account and only pays interest on the first €1500. You have to lodge min €1500 a month into it to qualify. Probably not what the OP is after?

    www.moneyguideireland


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    #11
    ClutchIt
    Registered Users Posts: 709 ✭✭✭ClutchIt


    Pablo Sanchez wrote: »
    Permanent TSB offers 4% on its 21 day notice account.

    I have checked this out and yes they are offering the 4% which seems quite good. However, when I use their investment calculator the result is a lot lower for some reason, can anyone explain?

    I put in €3000 and it says I will only get back €55.50

    With dirt at 25% I still expect it to be €90

    WTF?

    Investment Calculator here:

    https://www.permanenttsb.ie/aboutus/needhelp/calculators/savingscalculators/investmentscalculator/


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    #12
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    The PTSB calculation is based on the 21 day notice investment account (1.85%) - not the 21 day notice regular saver. It is not listed on the calculator.
    You won't get 90 euro because you can only save max 1000 a month - so you wont have 3k in the account straight away. The interest after 1 year will be around 109 before dirt. (81.75 after)

    www.moneyguideireland.com


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    #13
    ClutchIt
    Registered Users Posts: 709 ✭✭✭ClutchIt


    Ogham wrote: »
    The PTSB calculation is based on the 21 day notice investment account (1.85%) - not the 21 day notice regular saver. It is not listed on the calculator.
    You won't get 90 euro because you can only save max 1000 a month - so you wont have 3k in the account straight away. The interest after 1 year will be around 109 before dirt. (81.75 after)

    www.moneyguideireland.com

    OK thanks for this, I thought didn't know it was the saver account not the lump sum offering 4%


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