Now Might Be A Good Time to Lock at 4.10% to 4.14%

With the recent ECB rate cut, the likelihood of another ECB rate cut and deposit rates dropping, now might be a good time to consider locking with returns of 4.10% to 4.14%.

I can't see the below rates been offered for much longer. Hence, speed would be of essence if you want to bag the below rates.

Specifically, I suspect that EBS might cut the 'Family Saver' rate on 1 August 2012.

EBS: Family Savings Account
4.10% for year 1 only up to €13,000.
3.50% for year 2 only up to €63,000.

• Minimum per month: €100 per month.
• Maximum per month: €1,000 per month.
• Access: Maximum of two withdrawals a year, one at any time and the other at the end of the one-year fixed term.
• Lodgement method: Standing order mandatory.
• Minimum period: 1 year.
• Interest type: Fixed for year one, then fixed at the prevailing rate as at the 1st anniversary for year two.
• Lodgement of up to €1,000 allowed at account opening stage as well.
• Lodgement of up to €50,000 allowed at the first anniversary before your second year.
• Rate for year 3 is not currently published on the EBS website.
• You may be able to get the best return from this account by withdrawing your deposit on the 1st anniversary which is "at the end of the term".
• The monthly amount can only be changed by written request.
• Deposit Protection: Unlimited via Eligible Liabilities Guarantee.

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• 1 year 4.10% **Highest 1 Year Rate**
  1 year 2 months 4.14% **High Rate**
• Minimum: €3,000
• Maximum: €1,499,999
• Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

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It's a bit like offering half price tickets on the Titanic but who is to know if there is an iceberg around the corner.