Hi there,
I have had a KBC regular saver for some years now and have built it up to just under the 40k cut off where the interest rate drops off dramatically. The interest rate is currently 1.25%. I dont want to go over 40k in the account. Should I
1. Withdraw a small amount to say 38k and then change to the minimum monthly contribution of €100 to maintain what would be essentially a decent rate for an on demand deposit account. Or
2. Take out the 40k and look elsewhere for a better return. I dont need the money in the short term.
Any advice would be much appreciated.
Cheers.
I have had a KBC regular saver for some years now and have built it up to just under the 40k cut off where the interest rate drops off dramatically. The interest rate is currently 1.25%. I dont want to go over 40k in the account. Should I
1. Withdraw a small amount to say 38k and then change to the minimum monthly contribution of €100 to maintain what would be essentially a decent rate for an on demand deposit account. Or
2. Take out the 40k and look elsewhere for a better return. I dont need the money in the short term.
Any advice would be much appreciated.
Cheers.