How do you keep balances within best interest rate ceilings?

B

bobart

Registered User
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Hi. Newbie here & mighty impressed by wealth of knowledge & info floating around here. Have around 30k to put somewhere that will give good return but allow instant access, etc. Have perused best buy info & looking to:

1. Set up regular Saver with First Active (had been using Cr Union up to now) - will feed from Perm TSB current acc, which will allow me to vary SO on-line.

2. Set up First Active eSavings account on-line with 15k deposit, with Perm TSB current acc as nominated account for transfers.

3. Set up Halifax Flexi Saver with 10k deposit on same lines as FA eSavings.

Now, question is, how do I manage the accounts to stop them going over ceiling for premium rate of interest? This seems to be a fairly common scenario judging by other posts, so just wondering how others keep a handle on things?

Cheers
 
Looks like you will have to include Anglo Irish in your combination of accounts - they have a new one with 5.3% interest on balances upto 20k.
 
Better:

Put 18K in Anglo Irish Premium Demand at 5.3%
Put 12K in First Active E-Saver at 5.22%

Drip feed 1K per month from First Active E-Saver to Anglo Irish Regular Saver at 8% for a year (first active account is easiest for transferring money online)

You'll be well below the "limits" on the accounts beyond which lower interest rates apply.

You'll make about €1,400 over the year after tax assuming rates don't change. Not bad :D
 
I need to invest the following sums of money elsewhere - Any thoughts welcome:

A. €22,500 savings in current account with BOI.
B. €14,500 savings in SSIA account with BOI.
C. €18,000 cash.

From reading previous threads & having thought about it & I'm looking to do the following:

*Invest into Lump sum deposit accounts:
1.€19,500 into AIB (Anglo Irish Bank) @ 5.3%
2.€14,500 into FA @ 5.22%
3.€9,900 cash into Halifax @ 5.15%

*Regulars savings account:
4.€5,000 into BOI @7% (€500/mth) -
equates to €3,000 savings & €2,000 cash to be lodged to c/a.

*Leftovers
5.€6,100 cash to be invested elsewhere - Any suggestions welcome! -
Pehaps Northern Rock?

Drip feed into

Regular saving Accounts:
1. €1,000 from AIB lump sum deposit a/c into AIB @ 8%
2. €1,000 from FA lump sum deposit a/c into FA @ 7.15%
3. €1,000 from Halifax into - Any suggestions here!

I am trying to simplify the above by doing all transfers via electronic transfer. As you can also see I'm transferring within the bank lump sum deposit account to the regular savings account. Any & all other suggestions are welcome!
 
I also see in the paper yesterday that FA offer 5.4% on fixed lump sums. Any help on my previous query.
 
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