Anglo Irish Annual Regular Savings Account

Re: Anglo Irish launches new 8% Regular Savings Account

eileen alana said:
Yes it is but after reading this I am a bit wary of investing too much with them.
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dont believe everything you read !!!
If you are an avid reader of the indo - you'll see that Shane Ross regularly slags Anglo off !
Check their financial results if your in doubt. I bank with them and can only say good things about them
 
Re: Anglo Irish launches new 8% Regular Savings Account

It looks like the interest rate on the original 2 year product has dropped to 4.5% from today. New rates are published on p7 of today's Irish Times
 
Re: Anglo Irish launches new 8% Regular Savings Account

Are you sure that the IT isn't simply wrong? I just logged into my account and my Regular Saver Issue 1 account is still paying 7% according to the system.
 
Re: Anglo Irish launches new 8% Regular Savings Account

ClubMan said:
Are you sure that the IT isn't simply wrong? I just logged into my account and my Regular Saver Issue 1 account is still paying 7% according to the system.
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This is an advert taken out by Anglo Irish headed "Personal Savings Interest Rates effective from 7th July 2008".

It refers to 4 different accounts and the 2 Year Regular Saver Account is shown as 4.50% Gross/AER Variable.

Maybe I'm mistaken in my interpretation but if it's an error it's down to Anglo Irish
 
Re: Anglo Irish launches new 8% Regular Savings Account

Thanks. I've also emailed them to confirm. If it is true then time to stop those erstwhile 7% regular saver account lodgements from now until maturity!
 
Re: Anglo Irish launches new 8% Regular Savings Account

Or even close the account and move the lump sum elsewhere?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Of course. Just can't remember what the terms & conditions are and what, if any, penalties might apply to closing/withdrawing as opposed to just stopping contributions.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Bummer - you are correct Crunchie! Just got this very prompt reply back from Anglo:
Dear ...,

Many thanks for your e-mail.

It is still at 7% but as of tomorrow it will be at 4.5%.

The new regular saver will remain at 8%

Kind regards

...
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Now to find those T&Cs...
 
Re: Anglo Irish launches new 8% Regular Savings Account

No penalties for early closure.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Like you guys I have been investing at the 7% rate with Anglo. NOW where is the best account to transfer the money into and earn a better rate?
 
Re: Anglo Irish launches new 8% Regular Savings Account

See the Financial Best Buys forum and www.itsyourmoney.ie lists of the best rates on offer. If you don't already have an 8% Anglo regular saver then perhaps you should open one for ongoing monthly savings? Read the terms & conditions of all such accounts to ensure that they are compatible with your specific needs.
 
Re: Anglo Irish launches new 8% Regular Savings Account

Thanks Club man. How long will the 8% last ?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Today at work people were on about Sean Quinn loosing €1billion in shares in Anglo and that the bank was in serious trouble. I opened an 8% savings account and the SO begins on the 1st of August.

Is there a chance I could loose what I save with Anglo if the bank does go bust?
 
Re: Anglo Irish launches new 8% Regular Savings Account

Anyone mention that Sean Quinn declared earlier in the week, that he owned 15% of Anglo, and that he was in it for the long term - and in the article that I read on-line, it mentioned that he did not have to declare his interest, but that he did so for clarity.
A Sunday Times article the other week put it that he may have paid €1Bn for his shares, and that they may be worth €500m. So, I don't think that he has lost €1Bn, but he's unlikely to come out and say it publicly.
It sounded like he was backing the bank to the hilt.
( ClubMan's link is a good one for reference all the same)
 
Re: Anglo Irish launches new 8% Regular Savings Account

i rang them and ask, they said if you withdraw in the first 6 month the account automatically closes
 
Re: Anglo Irish launches new 8% Regular Savings Account

John J said:
"Unlimited withdrawals after 6 months". What are the restrictions for the first 6 months I wonder?
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it would cause the account to close, youd still be given all of your interest though.
 
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