I have €5k saved in a credit union account and intend to continue saving €50 per week, probably by direct debit.
€1k of this will probably go on a holiday this year, but I do not plan an spending the rest of it any time soon.
Would you advise I open an AIB Regular Saver a/c (my current a/c is with AIB) or a First Active eSavings account?
The regular saver account has a higher interest rate and is paid out twice a year as opposed to monthly. Is this a better option seeing as I don't plan on withdrawing the money within a year?
Are there advantages to the eSavings account I'm not considering?
I'm going to keep the CU a/c open and probably still lodge a small amount per month just in case I need a loan down the line.
Thanks
Brian
€1k of this will probably go on a holiday this year, but I do not plan an spending the rest of it any time soon.
Would you advise I open an AIB Regular Saver a/c (my current a/c is with AIB) or a First Active eSavings account?
The regular saver account has a higher interest rate and is paid out twice a year as opposed to monthly. Is this a better option seeing as I don't plan on withdrawing the money within a year?
Are there advantages to the eSavings account I'm not considering?
I'm going to keep the CU a/c open and probably still lodge a small amount per month just in case I need a loan down the line.
Thanks
Brian