Irish Nationwide 7.25% Regular Saver Rumour

E

EasterIsland

Guest
Hi,

Does any one know about this account which the Irish Independant (Jan 9th), expected to be launched the following week.
 
If a new member was to open a nationwide account would they benefit in the event of de-mutualisation or is the window for this already closed?
 
Dear Easter Island,

you are bringing lovely news... Thank you so much! Let's now cross our fingers this will happen!:)
 
Jethro Tull said:
If a new member was to open a nationwide account would they benefit in the event of de-mutualisation or is the window for this already closed?
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See the FAQ in the "mutuality" forum. Basically you need to be a savings member for two years prior to a DM to qualify so chances are it's too late.
 
One problem with INBS compared to others is (as far as I know) no online banking. Havint to write to them or visit a branch makes it more difficult to manage accounts with them.
 
i emailed Irish Nationwide this morning and got the following reply:

Yes, The Society is intending to launch a Regular Saver Product, the terms & conditions of which have not been fully finalised yet. We hope to launch it before the end of the month and it will be advertised extensively when it becomes available.
 
Hi clubman, isn't the same happening for the EBS reg. saver account sorry? As far as I know you don't have internet banking on reg. saver accounts only with EBS...:confused:
 
Godfather said:
Hi clubman, isn't the same happening for the EBS reg. saver account sorry?
Click to expand...
What do you mean?
As far as I know you don't have internet banking on reg. saver accounts only with EBS...:confused:
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In my experience EBS's online banking offering is rubbish. All I could do with some Summit investments and SSIA was check the balance. That was it. I don't know if they offer anything better or more fully features on other accounts.
 
The upcoming week can be the "big" week for the best reg. saver's rate ever... Crossing my fingers that the rate can be guaranteed for a while!:)
 
Which earns more interest?

€20,000 lump sum at 5% for 1 year, or
€1000 a month drip-fed into an a/c at 7% ?
 
sapmanie said:
Which earns more interest?

€20,000 lump sum at 5% for 1 year, or
€1000 a month drip-fed into an a/c at 7% ?
Click to expand...
Do both? Regular saver at 7% drip fed €1K p.m. from a lump sum account initially holding €20K at 5% will maximise interest returns.

However head to head...

€20K @ 5% CAR = €1K gross or €800 net of DIRT

€1K p.m. for a year into a 7% CAR account = €450 gross or €360 net of DIRT. See this calculator. Note that this ignores the other €8K of the €20K lump sum.
 
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