Nope - 5% on €10K and 3.75% on the other €35K. Unless you open several accounts in different names (e.g. spouse, kids etc.). Note also that the 5% is only guaranteed until January 2008 and right now that rate will fall to 3.75% on the lot unless Rabo announce something else before the end of the year.
If so, where should I invest the 15K to get the best return
thanks, no spouse or kids,(that I know of), hence being able to save.
They also have a fixed term deposit scheme:
[broken link removed]
I have no set plans with the money, accept I may buy my first house in the next 6 months. so if I will need access to it, it will need to be with about months notice.
what would you advise would be the best way to save
If you mean best demand deposit interest rates then open one or more of the high rate accounts mentioned in the Financial Best Buys forum lists. Maybe even combine the lump sum accounts with one or more regular saver account (but check the terms & conditions for lock-ins, restrictions, rate guarantees etc.). Such strategies for combining multiple such accounts to maximise deposit returns are discussed in many existing threads.
You must be looking at something other than their demand deposit account...
Their site still [broken link removed] for me:
Online Savings On-Demand!
As a savvy saver you'll get 5.0%* on balances up to €10,000 and 3.75%** on your savings over €10,000 up to €1 million.
...
5.0%* Variable CAR. DIRT deductible on total balances up to €10,000. 3.75%** Variable CAR. DIRT deductible on balances from €10, 000 up to €1 million. Rates effective from 12.03.07 to 31.12.07. Standard variable rate applies thereafter.