To answer Dublinhead query ''when does the interest rate (6.75%) run out'' - it runs out after 18 months from time of opening the account. At the end of the 18 months they will write to you notifying you the interest rate will drop to 3.75%. Your best option then is to close the account and open an easysaver account - 7%, max €500 per month. The 7% applies up to €5,000. All details on their website [broken link removed]