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Savings Account withdrawal

  • 17-04-2015 12:58pm
    #1
    gogreen81
    Registered Users, Registered Users 2 Posts: 176 ✭✭


    Hi,
    Looking for some good savings rate from Banks.

    Ques- What happens if I withdraw before a year. PTSB for example is giving 2.1 on regular saver. If i withdraw in 6 months time or 10 months time, will that mean that no interest will be given. Or that's calculated based on the number of days my money was parked.

    Any withdrawal fine I should be worrying about?


Comments

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


    Seriously?

    There are countless threads on here asking about best rates - check some of them

    If you have a particular question about a specific bank, give them a call


  • #3
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    gogreen81 wrote: »
    Looking for some good savings rate from Banks.

    Have a read of this guide here.
    gogreen81 wrote: »
    Ques- What happens if I withdraw before a year. PTSB for example is giving 2.1 on regular saver. If i withdraw in 6 months time or 10 months time, will that mean that no interest will be given. Or that's calculated based on the number of days my money was parked.

    PTSB pay 1.75% with the PTSB Online Regular Saver product and 1.75% with the PTSB 21 Day Notice Regular Saver product. 2.10% was the old rate.

    Interest is accrued on a daily basis based on close of business balances. "Number of days parked" as you put it.
    gogreen81 wrote: »
    Any withdrawal fine I should be worrying about?

    With the PTSB Online Regular Saver product their is no withdrawal fees nor notice period required.


  • #4
    gogreen81
    Registered Users, Registered Users 2 Posts: 176 ✭✭gogreen81


    Thanks JTMan,
    compared withBOI rates and I must say that BOI rates are pathetic.


  • #5
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    Yeah, Bank of Ireland offer some of the lowest deposit rates.


  • #6
    hfallada
    Closed Accounts Posts: 4,180 ✭✭✭hfallada


    Nationwide UK Ireland give 4% for 15 months regular saver, which is excellent. Or KBC offer 3.5% regular savers with term limit. They also offer 1.5% instant access with their deposit account.

    BOI probably offer low rates, as banks are actually awash with money at the moment.There is so many borrower paying down debts,while huge amounts of savings.


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  • #7
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    They also offer 1.5% instant access with their deposit account.

    1.25% AER variable from 5 May 2015.


  • #8
    gogreen81
    Registered Users, Registered Users 2 Posts: 176 ✭✭gogreen81


    thinking of moving to KBC as they offer better mortgage rates if you bank with them.


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