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Rabobank

  • 08-05-2007 2:05pm
    #1
    patsyh
    Closed Accounts Posts: 161 ✭✭


    Hope this wasn't covered before.

    I have a Northern Rock deposit account which is paying 4.25% but am in the process of opening a Rabodirect deposit account which is offering 5%. I was told that this is only an introductory rate but cant see any info re this on their website.

    Anyone know if the 5% rate is an introductory rate?


Comments

  • #2
    mickoneill30
    Banned (with Prison Access) Posts: 3,073 ✭✭✭mickoneill30


    They've been paying that for a few months. Whoever told you it's introductory probably got it confused with the fact that it's 5% on the first €10 grand.
    It's 5% on the first €10,000 then 3.75% on everything over that.


  • #3
    patsyh
    Closed Accounts Posts: 161 ✭✭patsyh


    Thanks for that


  • #4
    blue banana
    Registered Users, Registered Users 2 Posts: 337 ✭✭blue banana


    That rate is only guaranteed until the end of 2007, if that answers your question

    This is from the rabo website

    "Latest Offering
    We currently offer a rate of 5.0%* on savings from €1 up to €10,000. Balances from €10,000 up to €1 million will get a variable rate of 3.75%** on their savings. Effective from 12/03/2007 to 31/12/2007. Standard variable rates will apply thereafter."


  • #5
    alienhead
    Closed Accounts Posts: 545 ✭✭✭alienhead


    blue banana wrote:
    That rate is only guaranteed until the end of 2007, if that answers your question

    This is from the rabo website

    "Latest Offering
    We currently offer a rate of 5.0%* on savings from €1 up to €10,000. Balances from €10,000 up to €1 million will get a variable rate of 3.75%** on their savings. Effective from 12/03/2007 to 31/12/2007. Standard variable rates will apply thereafter."

    ah the catch, so the northern rock account is a better deal then


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