So they are paying a maximum of €125 a year to attract young customers.
Brendan
Not quite. From that doc as soon as you go above €5000 you revert to 0.25%.
So if you'd €5000 in it for a year you're going to have €5125 after the year. So you'll go to 0.25%
So probably better to keep it at €4775 per year and take out the interest whenever it's applied.
Can you send a link to this? The BoI site still says 0.25%.
You can keep the balance at €4,999 each day except the day before the interest payment.
I was surprised to find I could open one of these accounts for a child with no ID required. I am a parent but not the parent of that child.
Correct me if I'm wrong, but are you saying you opened an account without providing ID for either yourself or the child?I was surprised to find I could open one of these accounts for a child with no ID required. I am a parent but not the parent of that child.