Setting up a savings account

emmabrighton · 12-09-2011 02:57PM #1

This might be pretty naieve of me but I am looking to set up a savings account that will allow me to put the remainder of my funds into savings each month. I don't mind walking in and physically handing over €227.36 or €22.13 each month but cannot seem to find the account that suits me. So far the banks I have been into have told me that they will require a fixed deposit each month, €100.00 for example, but I don't want this type of savings account.

Does the one I am looking for exist (besides a piggybank

)? Or is this type of banking too low brow for our financial institutions?

homer911 · 12-09-2011 03:45PM

Rabodirect?

unclebill98 · 12-09-2011 08:21PM

UB reg savers. Set amount via standing order but this can be changed depending on how much you want to save. So it's possible to save a different amount each month or week.

JTMan · 12-09-2011 08:29PM

See http://www.askaboutmoney.com/showthread.php?t=20747

BrianD3 · 12-09-2011 10:22PM

You could buy an An Post (NTMA) savings bond or cert each month or as often as you like. You need a minimum of 100 euro for a bond and 50 for a cert and you can have a max of 120k in certs and 120k in bonds. You can buy by just walking into the post office with cash and ID.

These are 3 and 5.5 years term deposits but your money is not "locked away" you can get it back at any time by giving 7 days notice although interest will be reduced if you do that.
http://www.statesavings.ie/Downloads/Brochure2.pdf

Setting up a savings account

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