Do these people want our money or not??
6 Cancellation Rights
When we open your Account, we will write to you with your Account number and other
information about your Account. If you are not happy with your choice of Account, you
may cancel it within 14 days of receipt of your Account number by confirming your
decision in writing addressed to your Store. If you do so we will give you back all the
money you have deposited in the Account with any interest it has earned. We will ignore
any notice period and any extra charges. This would not apply if the interest on the
Account depends on rises and falls in financial markets outside our control, or is fixed-rate.
I too have e-mailed my local FA Branch, as I would be interested in getting clarification on the points raised in this thread. Just this morning, so I await with bated breath.
Dear Sir/Madam
In relation to your Instant Access Savings Account (aka eSavings Account), can you verify:
1) If there is a quarterly maintenance fee.
2) Does the published Interest Rate of 5.22% AER variable apply to balances up to €15000, if the account balance exceeds €15001, or does the 4.07% rate apply to the full balance in the above case.
3) Can the Account be funded from any current account with any Bank or Institution in Ireland where Electronic/On-line funds transfer is possible, as promised on your web-site "Transfer money from any nominated current account." or is one confined to funding via a First Active Account.
I would stress that I am talking about occasional deposits, not regular savings.
I am anxious to have clarification on the above points, in order to decide whether to transfer my funds to this account from my existing lump-sum post-SSIA account with Rabo Direct.
I am contacting you as a result of the on-going debate about this account on the Irish financial web-site AskAboutMoney, link below:
http://www.askaboutmoney.com/showthread.php?t=58818
Regards,
Irish Pancake, Esq
Dear Mr. Irish Pancake
Thank you for your enquiries in relation to the esavings account. See my
reply below.
1. There is no quarterly maintenance fee.
2. If the balance exceeds €15k then the lower rate applies to the balance
in excess of €15k ( you get the higher rate on the first €15k)
3. Yes, you can fund the account from any bank in Ireland but you would have
to have online banking with the other financial institution to facilitate
occasional payments.
Apologies for the delay in responding
Thank you,
Cathal Daly, BBus, QFA
Branch Development Manager
First Active plc
My Local Branch
As I mentioned earlier I was explicitly told otherwise - i.e. > €15K means 4.07% on the lot.2. If the balance exceeds €15k then the lower rate applies to the balance
in excess of €15k ( you get the higher rate on the first €15k)
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?