Anglo Irish Annual Regular Savings Account

Re: Anglo Irish launches new 8% Regular Savings Account

Just print the form off, fill it in and send it in with the necessary documentation (if applicable)?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Fanny said:
I can imagine they introduce the 8% saver now to counterbalance all the savers who will collect their savings after the first 2 year term (November).
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mine matures on the 28th of august
 
Re: Anglo Irish launches new 8% Regular Savings Account

Mine matures at the end of July.
 
Re: Anglo Irish launches new 8% Regular Savings Account

ClubMan said:
I've funded the 7% account manually through electronic transfers because it allows me more control than leaving it to a DD/SO (e.g. I can time the monthly payment, skip it or do multiple transfers within a single month if I so choose).
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It seams Anglo dont mind EFT
• Once your account is open we will contact you with details of your account number, together with instructions of how to transfer your funds electronically to Anglo Irish Bank.​
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Re: Anglo Irish launches new 8% Regular Savings Account

My 7% A/C actually expires Mon and I had made arrangements to renew from Tues. I got a call from Anglo yesterday (Fri) advising me of the Term changes( 1 yr 8% etc)

From what I could gather the 8% is only an introductory offer and not guaranteed. What is guaranteed is ECB +2%
 
Re: Anglo Irish launches new 8% Regular Savings Account

nansus, by arrangement to renew i take it you mean you were going to set up a new 2 year account at the 7% (prior to this 8% new announcement), with a starting balance of zero? i was wondering about this myself until the new product was announced!
 
Re: Anglo Irish launches new 8% Regular Savings Account

nansus said:
From what I could gather the 8% is only an introductory offer and not guaranteed. What is guaranteed is ECB +2%
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If there's no guarantee, is it worth taking the chance and opening one? That said, I suppose the majority of other reg. saver a/c's aren't guaranteed either.
 
Re: Anglo Irish launches new 8% Regular Savings Account

if the rate drops just withdraw the money, thereby closing the account, and get the interest accumulated up to that point. there is no downside in that respect: you aren't tied in.
 
Re: Anglo Irish launches new 8% Regular Savings Account

gravitygirl said:
nansus, by arrangement to renew i take it you mean you were going to set up a new 2 year account at the 7% (prior to this 8% new announcement), with a starting balance of zero? i was wondering about this myself until the new product was announced!
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Thats correct
 
Re: Anglo Irish launches new 8% Regular Savings Account

DoshDaisy said:
If there's no guarantee, is it worth taking the chance and opening one? That said, I suppose the majority of other reg. saver a/c's aren't guaranteed either.
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It is worth opening.
I was only pointing out that it seems the 8% is not guaranteed. I think most posters assumed it was.
 
Re: Anglo Irish launches new 8% Regular Savings Account

nansus said:
My 7% A/C actually expires Mon and I had made arrangements to renew from Tues. I got a call from Anglo yesterday (Fri) advising me of the Term changes( 1 yr 8% etc)

From what I could gather the 8% is only an introductory offer and not guaranteed. What is guaranteed is ECB +2%
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The 7% rate was never guaranteed in full either but they never reduce it. Even ECB + 2% = 6% right now isn't bad and if you don't like it then just close the account and move elsewhere.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Right, I thought I was one of the first who opened this type of account but I was wrong, it was actually on the market for a few months so the first ones mature soon. Makes perfect sense for the bank to introduce the new offer now.
The 7% was never guaranteed either, as Clubman says, I think they even up-ped it, it was initially lower than 7% when I opened it.
What do you all do with the lump sum before you start again with a new 8% account, leave it with Anglo, move it to another bank and drop-feed? Jethro? Gravitygirl? Any concern about Anglo security, if you leave lump sum there?

Fanny
 
Re: Anglo Irish launches new 8% Regular Savings Account

Fanny said:
Right, I thought I was one of the first who opened it but I was wrong, it was actually on the market for a few months so the first ones mature soon.
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Just to clarify - this thread is about the 8% regular saver which is new and only opened this week. The 7% one has been on the go for nearly two years now. Similar products but even apart from the rate not the same.
I think they even up-ped it, it was initially lower than 7% when I opened it.
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Correct. When I opened it they were paying 6.75%.

What do you all do with the lump sum before you start again with a new 8% account
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Keep it in the lump sum deposit account offering the best rate - e.g. NR Demand Online 5% on €1K+, FA eSavings 5.22% on up to €15K, Halifax FlexiSaver 5.15% on up to 10K etc. All in the Financial Best Buys lists and on www.itsyourmoney.ie
 
Re: Anglo Irish launches new 8% Regular Savings Account

Thanks for clarifying, Clubman.
I have a Halifax Flexisaver and want to drop-feed the new 8% Anglo saver. I was just wondering if there was a cleverer solution as I cannot set up a standing order from any of the existing lump sum accounts I have and won't have time to manually take it to the bank every month. Any account that earns > 4% out there AND allow a SO? Just in case anyone knows. I'm checking this out looking at other treads at the same time. Regards, Fanny
 
Re: Anglo Irish launches new 8% Regular Savings Account

Fanny said:
Thanks for clarifying, Clubman.
I have a Halifax Flexisaver and want to drop-feed the new 8% Anglo saver. I was just wondering if there was a cleverer solution as I cannot set up a standing order from any of the existing lump sum accounts I have and won't have time to manually take it to the bank every month. Any account that earns > 4% out there AND allow a SO? Just in case anyone knows. I'm checking this out looking at other treads at the same time. Regards, Fanny
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Anglo dont demand that you to set up a standing order. You can make payments via electronic transfer. I dont know anything about the Halifax Flexisaver account but I transfer money from my First Active E-Savings account (5.22% AER) to my regular saver accounts in Anglo & INBS. I just added both accounts to the list of payees on my E-Savings account & make the payments myself each month. I cant see any reason why a bank would care (or even know) whether its a standing order or manual payment as long as the money enters the account every month.
 
Re: Anglo Irish launches new 8% Regular Savings Account

I have a 7% account with anglo which is not due to mature untill next Feb.
Can I just stop paying into that account and leave it rest untill Feb and open a new 8% account instead?
 
Re: Anglo Irish launches new 8% Regular Savings Account

pator said:
I have a 7% account with anglo which is not due to mature untill next Feb.
Can I just stop paying into that account and leave it rest untill Feb and open a new 8% account instead?
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Yes.
 
Re: Anglo Irish launches new 8% Regular Savings Account

pator said:
I have a 7% account with anglo which is not due to mature untill next Feb.
Can I just stop paying into that account and leave it rest untill Feb and open a new 8% account instead?
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You can miss one payment without penalty. It's not clear if you can miss more than one. A better option may be to reduce your payments to the minimum (€100) and save the balance into the 8% account.
 
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