Regular Savings

lawred2

Is there anywhere at all where a person can get reasonable returns as a regular saver?

Is there anything at all here that resembles something like an ISA?

Geuze

lawred2 wrote: »

Is there anywhere at all where a person can get reasonable returns as a regular saver?

Is there anything at all here that resembles something like an ISA?

https://www.askaboutmoney.com/threads/savings-best-buys.90481/

Rates are frequently updated. Information last changed: 24 November 2020.

Highest Regular Savings Rate

€1 to €2,500 Monthly - Ulster Bank: Home Saver - 0.85% + Possible Bonus

lawred2

Geuze wrote: »

https://www.askaboutmoney.com/threads/savings-best-buys.90481/

Rates are frequently updated. Information last changed: 24 November 2020.

Highest Regular Savings Rate

€1 to €2,500 Monthly - Ulster Bank: Home Saver - 0.85% + Possible Bonus

thanks for that

do you have to be saving for a home?

.85% before DIRT is simply dreadful really... and that's the best of the lot?

Geuze

I didn't read the details, sorry.

ECB main rate is 0%.


For lump-sums, you can get 0.98% from the State Savings, no DIRT, so that is 0.98% net.

coylemj

lawred2 wrote: »

.85% before DIRT is simply dreadful really... and that's the best of the lot?

There's literally billions of Euros in Irish deposit accounts, the country is drowning in cash. Building societies and credit unions are starting to impose caps on the amount you can have in your savings account.

It's pretty simple, nobody wants your money. I'm frankly surprised that the state is offering anything above zero to personal savers because they can issue bonds on the international markets at negative interest rates.

Henry Ford III

Deposit rates are on the floor. If it suits a life assurance savings plan might be a better idea. They will carry investment risk though.