I'm looking at the account below. Interest is paid annually on 20 November. Can save variable amounts so would the interest be calculated on what's in the account on 20 Nov or an average of what was in the account? Is there any advantage in saving money monthly verus putting in a lump sum on 1 Nov?
PermanentTSB Online Regular
1.25% on €1 to €50,000.
0.15% on the whole amount if the balance exceeds €50,000.01+
PermanentTSB Online Regular
1.25% on €1 to €50,000.
0.15% on the whole amount if the balance exceeds €50,000.01+
- Minimum per month: €1 per month.
- Maximum per month: €1,000 per month.
- Access: Instant access.
- Fees: None.
- Lodgement method: Ad-hoc lodgements at the customers discretion. No mandatory standing order requirement.
- Minimum period: None.
- Interest type: Variable.
- Interest payment frequency: Annually. Annual interest is credited to the account on the first business day after the 20th of November.