I've read Ccovichs last thread with the best rates for monthly savers. After an expensive few years, we now feel we are in a position to save approx. 2000euro per month. We would like to do this for a minimum of approx 18months but possibly for longer. Can anyone advise on where the best place to save this would be?
If you want a regular saver account, then I suggest the below ..
1) As the previous poster pointed out, If there are 2 of you then Anglo Regular Saver for 12 months, then pop back here to see where to put your lump sum ...
Best headline rate, but can only save for a year [broken link removed] (Discuss) 5.00%
Note 1: Regular lodgements must be electronic transfer or standing order.
Note 2: Maximum €1,000 a month. Effective Maximum Balance €13,000, as account lasts for one year.
Note 3: Minimum rate guaranteee of ECB+2%.
Note 4: No penalty for occasional missed contributions.
Note 5: Withdrawals in first 6 months may incur a penalty.
2) If just one of you are saving, then Anglo 1,000 EUR in Anglo Regular Saver and 1,000 EUR into EBS. Remember, to switch the EBS account after one year as the rate drops.
EBS Family Savings Account 4.50%
Note 1: Regular lodgements required by direct debit only.
Note 2: Minimum €100 a month; Maximum €1,000.
Note 3: Interest rate is fixed for year one.
Note 4: NB: "Prevailing" rate in year two. You can make a maximum of two withdrawals a year, one at any time and another at the end of the term.
Note 5: The monthly amount can only be changed by written request.