Lex Foutish
Registered User
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Best rate if you want to save for a few years
First Active: Regular Saver / Ulster Bank: Regular Saver (Discuss)
4.00%
Regular lodgements required (standing order only): Minimum €1 a month; Maximum €1000. Interest paid on first working day of each quarter. Maximum balance €100,000. Online access to account. Optional ATM card.
Is she declaring the extra money for tax purposes ?
Yes, the €700 approx is a figure net of tax etc.
Your friend is probably best of with the Ulster Bank regular saver product, I would encourage her to keep an eye on the rate.
See the regular saver best buys here: http://www.askaboutmoney.com/showthread.php?t=20747
On demand best buys that may also be worth considering are here:http://www.askaboutmoney.com/showthread.php?t=102329
Anglo's is guaranteed to be at least ECB + 2% at all times. It may be higher, which it its, as its 5% at the moment.
AIB's is guaranteed to be at least ECB + 2.5% at all times. It may be higher, which it is but its as good as Anglo's 5%. Hence Anglos current rate is better. If they were both to reduce to the minimum the AIB's would be better.
Sorry, I don't understand this post at all. How is Anglo + 2% better than AIB +2.5%. Is it that Anglo's rate always floats +2% while AIB just happens to be +2.5% atm ? i.e. AIB's rate is better today but if the ECB rate were to rise, Anglo's rate would exceed AIB's ?
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