Anglo Irish Annual Regular Savings Account

Re: Anglo Irish launches new 8% Regular Savings Account

ClubMan said:
When I opened it they were paying 6.75%.
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I started on 5.5%, it was a great rate at the time!

as far as i can remember (and feel free to correct me) they were the first bank to offer a high rate on regular savers so i opened one almost instantly
 
Re: Anglo Irish launches new 8% Regular Savings Account

ClubMan said:
Just print the form off, fill it in and send it in with the necessary documentation (if applicable)?
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That's all very well but it says one needs two forms of photo ID - I only have one, my passport
 
Re: Anglo Irish launches new 8% Regular Savings Account

Colblimp said:
That's all very well but it says one needs two forms of photo ID - I only have one, my passport
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Ah - in that case I guess you'll have to open it in person.
 
Re: Anglo Irish launches new 8% Regular Savings Account

I opened one over the phone yesterday (exisiting customer) by calling the number listed on this thread. Anyone else I called wouldn't do it for me.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Janey - I must try posting my personal number here and see if I can make a few bob on initial "lodgements" on the side before doing a runner!
 
Re: Anglo Irish launches new 8% Regular Savings Account

ClubMan said:
Janey - I must try posting my personal number here and see if I can make a few bob on initial "lodgements" on the side before doing a runner!
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I gave them my account number and they gave me my name back. It'll be ok.
 
Re: Anglo Irish launches new 8% Regular Savings Account

anyone know can you have 2 of these one joint names one in single name?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Sorry if this has already been asked...but the website says

"...
Generous maximum monthly contribution limit of €1,000 per applicant"

If we open a joint account, can we deposit €2,000 per month?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Thanks for the prompt reply Clubman.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Opened mine yesterday but haven't made an initial lodgement yet. Should I do that now and is there a recommended date on which to make an electronic transfer each month? (obviously before the 28th so it doesn't run into the next month)


Thanks
 
Re: Anglo Irish launches new 8% Regular Savings Account

You can do it any time. If it did hit the account in the following month then you just miss out on contributing this month. You can also make multiple transfers in a single month as long as you don't lodge more than the €1K per account holder in any one month.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Thanks Clubman
 
Re: Anglo Irish launches new 8% Regular Savings Account

How will the interest be calculated? For instance, if I save a grand for each of the 12 months, (and assuming the 8% rate holds), what interest (after DIRT) would I get?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Approximately €514 gross or €411 net according to this calculator using 8% as the rate (actual monthly compounding rate used may be different so this calculation may overestimate the returns).
 
Re: Anglo Irish launches new 8% Regular Savings Account

Interesting, so it's not simply 8% of your total saving less DIRT. Pity!

This calculator yields a similar (gross) number:

[broken link removed]

Is there a formula to use when calculating, specific to this a/c?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Of course not. Only the first €1K is on deposit for 12 months, the next for 11, the next for 10 etc. If the nominal compounding rate equivalent to the CAR or 8% is x then the formula is

€1K @ x% + €1K @ 11/12 * x% + €1K @ 10/12 * x% etc.

But the calculator is easier to use.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Interesting - so have I got this right? - depending on how much you can save each month, saving more in the earlier months (of the 1 year term) means a much better pay-off than saving less in the earlier months and more in the later months (if you catch my drift!) ???
 
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