7 regular saver account + 3deposit accounts or 1 deposit account?

[tinkerbell13]

Want to maximise interest return on hard earned saving
After looking at this forum (which is great)
This is what I came up with
40k Lump sum + 1500pm savings

Lodge lump sum to
Anglo 20k Demand 5.3 %
Aib 10k 7Days notice 5.25 %
Halifax 10k 5.15% instant access

Drip feed to each month
Anglo 8% 1000pm
Irish nationwide 7.6% 1000pm
EBS 7.5% 1000pm
First Active 7.15% 1000pm
Aib Regular saver 7.5% 300pm
Halifax Regular saver 7% 350pm
Bank of Ireland 7% 500pm


Is all the paper work worth it or should I just put it all in an account with approx 5% interest.
After 11mths all savings should be earning 7-8% interest
Savings not required up to at least a yr.
Anyone....... any better ideas
Open to all suggestions-

Thanks in advance.

 

[ClubMan]

Re: Help / Advice required

Help / Advice required

 

[DrMoriarty]

Re: 7 regular saver account + 3deposit accounts or 1 deposit account ???

It all looks good except for this bit:

After 11mths all savings should be earning 7-8% interest

Some of the rates listed above are guaranteed only until January (or April) 2009, after which only something like 'at least ECB +2%' is promised.
You will probably have to change horses now and then to keep maximising the return.

Whether that's worth it or not is for you to say!

 

[tinkerbell13]

Re: 7 regular saver account + 3deposit accounts or 1 deposit account ???

great thanks 4 the advice
think ill go with this as at present as it looks like the best option to get best return,
mixin and matchin to get results - may be hassel, with so may account to keep track of but every cent counts