Easy to Access Bank A/C which would give the best interest rate?

RebelGirrrl · 18-09-2009 1:02pm #1

I have money I need to put into an account, which Bank and what account would give the best rates that would also be easy to access?

homer911 · 18-09-2009 2:07pm

Depends on how much you have to save, and how easy you want the access to be! Do you want to put money away for a fixed term or instant access?

How important is security to you - of the bank itself or the access method?

RebelGirrrl · 18-09-2009 2:17pm

€38,000, what would you recommend, it would be instant access

homer911 · 18-09-2009 3:41pm

Sorry, I was going to suggest First Active's eSavings Plus but they have closed it to new accounts. Min Balance €15k and it offers 3.46% Gross.

But even better...is Nationwide UK @ 3.55% Gross
http://www.nationwideuk.ie/savings.asp (min €2k)

I dont think you'll do any better than that, but I could be wrong...

RoseBlossom · 18-09-2009 6:15pm

You could put €20,000 into Irish Nationwide's Instant Access Deposit Account @ 3.75% and €10,000 into Halifax's Flexi-Saver (also easy-access) which is also at 3.75%. Both of these pay 3.75% up to 20k and 10k respectively with a lower rate on any balance higher than that (both are basically variable but being instant access you can take your money out if you can get a higher rate elsewhere).

The balance you could put into the Nationwide UK one mentioned above... or would three accounts be too many to handle?

RebelGirrrl · 18-09-2009 7:48pm

Those aren't great rates

Ogham · 18-09-2009 8:50pm

With ECB rate at just 1% - what did you expect?

Toots · 18-09-2009 9:03pm

If you're looking for instant access, the rate you get won't be as attractive as what you'd get if you went for a fixed term.

Ogham · 18-09-2009 9:05pm

Toots* wrote: »

If you're looking for instant access, the rate you get won't be as attractive as what you'd get if you went for a fixed term.

Not much in it really ; best variable rate is 3.75% and best 1 yr fixed is 3.8
See www.moneyguideireland.com

JTMan · 19-09-2009 4:08pm

RebelGirrrl wrote: »

€38,000, what would you recommend, it would be instant access

If you are willing to open a few accounts ...
20,000 EUR in Irish Nationwide @ 3.75%
10,000 EUR in Halifax @ 3.75%
8,000 EUR in Nationwide UK @ 3.55%

If you are willing to open only one account ...
38,000 EUR in Nationwide UK @ 3.55%

For more information see the Ask About Money instant access savings thread here.

Easy to Access Bank A/C which would give the best interest rate?

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