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Best savings account

  • 21-09-2009 12:50pm
    #1
    Ger555
    Registered Users, Registered Users 2 Posts: 27 ✭


    Hey all,

    Was just wondering which bank is offering the best interest rate on savings accounts at the moment for a lump sum of approx. 20,000 euro?? Anyone any suggestions??


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    If you stay under 20,000 EUR then it would be Irish Nationwide.

    If you go over 20,000 EUR then the best rate is with Nationwide UK Ireland.

    I suggest you check out the Ask About Money lump sum best buys thread.
    Best for amounts from €1 to €20,000
    Irish Nationwide: Instant Access
    3.75% up to €20,000
    2.50% from €20,000 with no maximum
    Note 1: Interest paid annually.
    Note 2: Interest rate includes a "bonus" of 1.25% that expires on 1 Jan 2011

    Best for amounts from €20,000 to €2 million
    Nationwide UK: Easy Access (Discuss)
    3.55% on €2,000 minimum to €2m maximum.
    Note: NB: Interest is reduced if more than 6 withdrawals are made a year (Apr-Mar).


  • #3
    Mr Daniels
    Closed Accounts Posts: 2 ✭Mr Daniels


    Hi there, could anyone tell me what is the best rate on a deposit account at the moment on either 10k or 20k or 30k respectively. I would expect reasonable access, for example two withdrawals over a year or two. Thought it was Irish Nationwide and Halifax, but I heard BOI is offering 7%? See:

    http://www.independent.ie/business/irish/nationwides-new-375pc-deposit-rate-the-highest-on-market-1898803.html

    Thanks

    D


  • #4
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    The best rate for 10,000 EUR and 20,000 EUR is Irish Nationwide with 3.75%, you have instant access.

    For 30,000 EUR, open 2 Irish Nationwide accounts, put 10,000 EUR in one and 20,000 EUR in the other.

    BOI do not offer 7%. A while ago they paid 3.44% ("7% gross") on a 2 year term deposit. This rate is no longer on offer.


  • #5
    Saruman
    Registered Users, Registered Users 2 Posts: 11,389 ✭✭✭✭Saruman


    My wife has a PTSB savings account that is 5%, I have no details on it. From what I can see though the 21 day saver is 4%.


  • #6
    Mr Daniels
    Closed Accounts Posts: 2 ✭Mr Daniels


    Thanks guys, that's great, do you perhaps know how long those Irish Nationwide rates are guaranteed for?


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  • #7
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Saruman wrote: »
    My wife has a PTSB savings account that is 5%, I have no details on it. From what I can see though the 21 day saver is 4%.


    I think the 5% PTSB account you're referring to is probably an 18month one, where the annual rate works out as 3.31%.


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