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Banking 365 monthly saver account interest?

  • 02-04-2017 11:20am
    #1
    Leitrim96
    Registered Users, Registered Users 2 Posts: 116 ✭✭


    Hi I am about 4 months into saving with the bank of Ireland deposit monthly savings account. How can one track the interest rates as it says they are variable. What kind of money would one be looking to likely yield from small investments such as 50 Euro a month? Thanks a lot!


Comments

  • #2
    ftse100
    Registered Users, Registered Users 2 Posts: 187 ✭✭ftse100


    You can find the rates here: BOI Rates

    They wont be amazing in the current environment. Don't forget them rates are Gross so you'll be paying DIRT also.


  • #3
    893bet
    Registered Users, Registered Users 2 Posts: 9,378 ✭✭✭893bet


    ftse100 wrote: »
    You can find the rates here: BOI Rates

    They wont be amazing in the current environment. Don't forget them rates are Gross so you'll be paying DIRT also.

    As close to zero as imaginable.


  • #4
    topper_harley2
    Registered Users, Registered Users 2 Posts: 537 ✭✭✭topper_harley2


    Considering BOI offer almost the worst savings rates in the world, you're probably earning almost zero as pointed out above. If you are saving per month, KBC has best rate @ 3.5% if you have a current account with them, or else EBS @ 3.0% for one year.

    Avoid BOI like the plague.


  • #5
    Bubbaclaus
    Registered Users, Registered Users 2 Posts: 4,461 ✭✭✭Bubbaclaus


    Leitrim96 wrote: »
    Hi I am about 4 months into saving with the bank of Ireland deposit monthly savings account. How can one track the interest rates as it says they are variable. What kind of money would one be looking to likely yield from small investments such as 50 Euro a month? Thanks a lot!

    50 euro a month will net you approximately 2.50 interest after year 1.

    Get yourself a coffee.


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