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Best Savings Account??

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  • 04-11-2005 5:00pm
    #1
    joejoem
    Closed Accounts Posts: 4,424 ✭✭✭


    Hi,

    I am looking to set up a savings account for the next few years, lets say €100 per month. My own bank (AIB) has offered me a rate of 3% PA with the possibility in year two of it going to 4.5%.

    I asked in EBS today about there rates but he said it was a little over 0%. I understand from their radio adds that Rabo bank is 3% aswell. Is this the best you can get?


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    #2
    nesf
    Registered Users Posts: 27,645 ✭✭✭✭nesf


    Around 3% is the best you'll find at the moment in deposit savings accounts. To the best of my knowledge anyways.


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    #3
    CCOVICH
    Closed Accounts Posts: 240 ✭✭CCOVICH


    AIB offers the best rate, but there are quite a few terms and conditions in order to benefit, namely you have to feed in a certain amount each month, and you have to maintain a current account (possibly with charges) and the number of withdrawls you can make is restricted. Northern Rock offer 3.05, making them marginally better than Rabo.


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    #4
    D'Peoples Voice
    Registered Users Posts: 1,698 ✭✭✭D'Peoples Voice


    CCOVICH wrote:
    AIB offers the best rate, but there are quite a few terms and conditions in order to benefit, namely you have to feed in a certain amount each month, and you have to maintain a current account (possibly with charges) and the number of withdrawls you can make is restricted. Northern Rock offer 3.05, making them marginally better than Rabo.
    True, but saving certs/bonds from An post offer the most competitive after tax rate of 2.7%p.a., but there is not near as much freedom in moving in and out of your money. Although to be fair, these aren't really savings accounts, so I guess it's apples and oranges!


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    #5
    Rudolph Claus
    Closed Accounts Posts: 1,060 ✭✭✭Rudolph Claus


    I thought some banks were offering 6%? I remember reading some threads in this section of boards here and speople had 6% savings accounts with 2 different banks. I cant remember the names of the banks, one began with an "R", Ryods maybe? They may have been northern banks? :confused: TSB may have been 1 of them.

    Anyone know whats the best term account on offer?


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    #6
    Rudolph Claus
    Closed Accounts Posts: 1,060 ✭✭✭Rudolph Claus


    Northern Rock was 1 of the banks.


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    #7
    CCOVICH
    Closed Accounts Posts: 240 ✭✭CCOVICH


    Nobody in Ireland offers 6% on euro deposits.


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    #8
    Jivin Turkey
    Registered Users Posts: 2,966 ✭✭✭Jivin Turkey


    I currently bank with BOI and enquried as to the same during the week. They offered me 1.5%.

    I was plannign on just setting up a DD from my current account to this new savings account. If I were to open up the savings account with AIB would there be any complications or charges with transfering the money?


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    #9
    CCOVICH
    Closed Accounts Posts: 240 ✭✭CCOVICH


    To open the AIB online savings account you need to have an AIB current account, which will carry standard charges.


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