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Anglo offering 4.75% up to 100k on demand deposit?

  • 27-03-2009 2:10pm
    #1
    100gSoma
    Registered Users, Registered Users 2 Posts: 1,287 ✭✭✭


    I see many banks offering less than 1% now on demand deposit accounts.
    Postbank slashed its premium savers rate from 4.55% (up to 100k) to 1.7% from yesterday... Is it worth going to anglo with the guarantee up to 100k etc. 4.75% is a good APR. anyone any opinions? not happy with 1.7% with Postbank.


Comments

  • #2
    Mort5000
    Registered Users, Registered Users 2 Posts: 419 ✭✭Mort5000


    I think "It's your Money" is always a good place to start:

    http://www.itsyourmoney.ie/lumpsumdepositcomparison

    But I guess it is down to:

    - how much of a pain is it to arrange moving from one institution to another?

    - are you going to be leaving your money 'there' for long enough that the costs make it worth it?


  • #3
    100gSoma
    Registered Users, Registered Users 2 Posts: 1,287 ✭✭✭100gSoma


    Nice link. thanks Mort. There is no costs to move a lump sum from where I am into somewhere else. I guess it would be there for a year at least so worth doing. Just don't understand how Anglo can offer this rate, I'l research it some more.
    cheers


  • #4
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    I've said it before on other threads - its Risk Vs Reward. You might say there is no risk - thats your call.

    Personally with all the underhand stuff Anglo have been up to, I dont care waht sort of rates they offer, I would nevergo back to them (had an account and closed it)


  • #5
    Fulton Crown
    Banned (with Prison Access) Posts: 2,493 ✭✭✭Fulton Crown


    homer911 wrote: »
    I've said it before on other threads - its Risk Vs Reward. You might say there is no risk - thats your call.

    Personally with all the underhand stuff Anglo have been up to, I dont care waht sort of rates they offer, I would nevergo back to them (had an account and closed it)

    Do you not think that with the Govt intervention + guarentee that they are now a safe bet ?

    Thinkin of putting a little wedge wuth them...:confused:


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