Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Banking 365 monthly saver account interest?

Options
  • 02-04-2017 12:20pm
    #1
    Leitrim96
    Registered Users 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

  • Options
    #2
    ftse100
    Registered Users 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.


  • Options
    #3
    893bet
    Registered Users Posts: 8,857 ✭✭✭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.


  • Options
    #4
    topper_harley2
    Registered Users 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.


  • Options
    #5
    Bubbaclaus
    Registered Users 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.


Advertisement