Irish Nationwide Flexisaver 21 Issue 2

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MugsGame

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oldtimer informs me of the following:
Irish Nationwide have launched Flexisaver 21 (part 2). The bands are higher than part 1. They are as follows -
€20,000-€49,999 = 4.60%
€50,000-€99,999 = 4.75%
€100,000-€200,000= 5%.
Closing date 31/01/2008.

Nothing as yet on their website.
Click to expand...
 
Just for comparison the original FlexiSaver 21 (Issue 1) details are [broken link removed].
 
The Sunday Times yesterday did mention this in their best-buys section...no other info except contact branch.
 
Hi everyone, favour please: can anyone tell me what "share account" means? Does it mean that it's not protected under the "deposit protection scheme" of the financial Regulator???:confused:
 
It means a membership account, i.e. an account that gives you a share in the society. That's why the minimum deposit is €20,000. So if you join up on Monday and they don't announce demutualisation until December 2009, you should be quids in!

It's still a deposit savings account, protected under the scheme.
 
Flexisaver Issue 2 rates/amounts have been changed... for the better.
Check out [broken link removed]
 
Thanks, but...

The Best Buys already reflect the current rate. I don't see any recent change in their rates. AFAIK these are the rates they advertised would be in effect now when the product launched last November.
 
Hi Mugsgame,
The banding and 'dates' have changed.
The upper limit has increased from 200k to 300k and the 5% rate on this is valid til end of Dec08 whereas before it ended earlier.
 
Thanks for the update. I hadn't noticed that because you referred to a change in rates. So just to confirm again, there has been no change in their current rates?
 
I have 2 a/c with irish nationwide (tenyears +)and cant see any moves with demut in the near future, infact with the present global credit crises we could be in for a very long wait (2 years plus) before there is any good news.
 
I am not a member of Irish Nationwide. If I were to open an account tomorrow am I correct in saying i would have to be a member for at least 2 years to benefit from any demutualisation?

If not can some one give me the correct lowdown?
 
Hi mugsgame,
here are the new rates/schedule

FlexiSaver 21 (Issue 2) Annual Rates
From 15th November 2007 up to 31st December 2008
Balance Rate Current Rate A.E.R.
€20,000.00 - €49,999.99 ECB + 0.60% 4.60% 4.60%
€50,000.00 - €99,999.99 ECB + 0.75% 4.75% 4.75%
€100,000.00 - €300,000.00 ECB + 1.00% 5.00% 5.00%
From 1st January 2009 up to 31st December 2009
Balance Rate
€20,000.00 - €49,999.99 ECB + 0.40%
€50,000.00 - €99,999.99 ECB + 0.55%
€100,000.00 - €300,000.00 ECB + 0.75%
From 1st January 2010 to 31st December 2010
Balance Rate
€20,000.00 - €49,999.99 ECB + 0.25%
€50,000.00 - €99,999.99 ECB + 0.40%
€100,000.00 - €300,000.00 ECB + 0.60%
Rates are correct as at 1st March 2008


FlexiSaver 21 (Issue 2) Monthly Income Rates
From 15th November 2007 up to 31st December 2008
Balance Rate Current A.E.R.
Rate
€20,000.00 - €49,999.99 ECB + 0.50% 4.50% 4.59%
€50,000.00 - €99,999.99 ECB + 0.65% 4.65% 4.75%
€100,000.00 - €300,000.00 ECB + 0.90% 4.90% 5.01%
From 1st January 2009 up to 31st December 2009
Balance Rate
€20,000.00 - €49,999.99 ECB + 0.30%
€50,000.00 - €99,999.99 ECB + 0.45%
€100,000.00 - €300,000.00 ECB + 0.65%
From 1st January 2010 to 31st December 2010
Balance Rate
€20,000.00 - €49,999.99 ECB + 0.15%
€50,000.00 - €99,999.99 ECB + 0.30%
€100,000.00 - €300,000.00 ECB + 0.50%
Rates are correct as at 1st March 2008
 
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