anglo Irish Regular saver account just matured...

P

princessFi

Registered User
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15
Have been putting max amount (1k) into this accoutn for past year. started off with 5.5%, dropped to 4% in Nov 09 and at the end of the 12 months it only earned €254, and 63 of this was taken in tax....is this right? 12k for 1 yr and only made €190!?
 
sounds about right, you didnt have 12k in the account for a full year, you were feeding €1k per month into the account, interest only accrues on the balance in the account.
 
RMCF said:
Its a bad time for savings.
Click to expand...

To be fair there is some good rates out there as demonstrated in the best buy threads.
In the instance of this thread the 12k was only in the account for one month

- there has been loads of discussions on here about remembering that point when opeing a regular saver account and indeed whether it is a good idea to drip feed from a lump sum deposit account into a regular savings account.

I remember a few years ago when I joing Anglo first and they had the market leading rate at 2% !!!
 
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