Well 5% is more than 4.5% so not for the rate alone.I have a regular saving a/c with Halifax where I’m getting 5%. (It the product they had before uping the rate to 7%)
At the moment I have 16000 euro in this a/c. I’ve reduced what I’m paying in down to 10 euro from a high of 750 euro, as I started paying 300 euro into the AIB’s 7% a/c and 1000 euro in Anglo’s regular saver. I just pay the 10 euro to keep within Halifax’s t&c’s on the account.
I also have 10000 euro in a Rabo’s a/c at 5%
1)I was wondering would I be better to move the whole 16000 to the Anglo Irish 30 day notice account and get 4.5% or NR’s online a/c.
Whatever it takes to get the best deposit rate will yield the highest deposit returns.2) Or should I drip feed the 16000 into FA’s new 7.15 % regular saver a/c and Halifax’s 7% regular saver a/c.
Check the terms & conditions of the account.3) Also will I lose anything by taking the money out of the Halifax a/c. I started this in March 2006.
Clubman is it the Future Value calculator I should you.
CAR and AER are the same thing.On Halifax's site they say 7% AER how is this different to CAR.
Yes - that's what I said earlier.Regular Saver - 1000 a month for a year @ 7% gives me 450.29 interest
Yes - but combining the two will yield higher returns than just using the Anglo one. The comparison doesn't make sense because either you don't have the €12K up front in which case you cannot choose the second option or you do in which case the first example assumes that the money is earning 0% while you wait to drip feed it each month! Holding a lump sum in a high yielding lump sum account (e.g. Anglo here - but you can do better than that rate) and then drip feeding it into a c. 7% regular saver will yield the best returns overall. As I said before this is discussed at length in several other threads.Anglo's deposit(30 day notice) - 12000 for 1 year @4.5% gives me 552.30.