Halifax or Rabo????

Design_Dude

Hi, im tired of the interest rats in credit union/boi etc and am thinking of going to either rabbo direct or halifax. Which is better for a few grand?

BendiBus

First Active

5.22% for a lump sum

http://www.firstactive.ie/savings/online_accounts/index.aspx

and 7.15% for a regular saver

http://www.firstactive.ie/savings/rsa/index.aspx

Design_Dude

wow, have to check that out! thanks

gurramok

Pity its variable with 'stories' of ECB cuts later this year. You'll be guaranteed banks would pass them on to get full profit of a saver

Hanley

Quick question about the Halifax 10% current account since we're on the topic. It only applies for balances up to 2,000 but you have to deposit 1,500 per month minium to qualify. Does that mean if you've a balance of 4k, 2k earns 10% and 2k earns something else? Or does going over the max limit disqualify you from earning the higher rate on any of your funds.

If so, my question is, what's the point???? At best it would seem like a holding a/c before your funds are sent off to other various places like loans, SO's and DD's.

Are they just throwing out this ridiculously high rate in the hopes of attracting customers who might not bother reading the small print?? And how much does the rate revert to if you don't meet the fairly strict conditions that they set out?

steo123

that is the best poss scenario

Design_Dude

Halifax seem to be the best with 5.15% intertest on their flexi saver a/c and theres a store near me.

Colonel Sanders

Design_Dude wrote: »

Halifax seem to be the best with 5.15% intertest on their flexi saver a/c and theres a store near me.

5.15% applies to first 10k. First active paying 5.22% on balances up to 15k (however if the balance goes above 15k the rate drops to 4.33%)

Design_Dude

O rite, ill have to look again:)