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A new savings account which one?

  • 22-08-2009 9:12pm
    #1
    cullen5998
    Closed Accounts Posts: 430 ✭✭


    I have a current account with AIB at the moment and i have some extra money in my account which i dont want to be left in my current account. I would like to open a new account with a different bank and place a couple of grand for a rainy day there. What bank and account should i use?


Comments

  • #2
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    Can you give people some more info to work with?

    Rough sum, do you want it accessible on demand/with notice, how much risk you're willing to take, how long you can lock it away for. Otherwise, people are just sticking pins in a map and making guesses.


  • #3
    Diarmsquid
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Diarmsquid


    BuffyBot wrote: »
    Can you give people some more info to work with?

    Rough sum, do you want it accessible on demand/with notice, how much risk you're willing to take, how long you can lock it away for. Otherwise, people are just sticking pins in a map and making guesses.

    Hi, not the OP here, but wondering if you could advise me.

    I'm a third-level student and I'm making a bit of money from a part-time job. I'd like to set up a savings account where I can make a small enough deposit every two weeks or so.

    It's just a case of getting it out of my current account, because I have a habit of spending money when it's easily available to me.

    I've been using a credit union account until now, but I'd prefer an account that I could transfer money into online.

    Roughly around €100 every two weeks.
    Preferably available on demand but giving a week or two's notice is grand.
    Risk? I dunno. A good bit? Sure ya only live once :P
    And I'm not saving for anything in particular, but I don't want this money locked away for years.

    Hopefully I've given enough info. Thanks in advance.

    Oh and I'm with AIB at the moment. Student Plus Account


  • #4
    The Rooster
    Registered Users, Registered Users 2 Posts: 4,757 ✭✭✭The Rooster


    So €100 to save every 2 weeks:

    If I was you I'd put €100 a month into the Rabodirect Regular investor plan for some risk
    http://www.rabodirect.ie/investments/regular-investor/default.aspx
    (Note: investments may go up as well as down! Mine went up by 48% in the last few months - but it had decreased by more than that in the previous 6 months!)

    And €100 a month into Anglo regular savings
    http://www.angloirishbank.ie/Personal_Savings/Regular_Annual_Saver_Account/
    5% interest rate which I think is the best on offer. No withdrawls allowed in the first 6 months, but unlimited after that.

    Alternatively Ulster Bank's regular saver account offers 4% interest rate, but unlimited withdrawls from day 1.


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