Rabo & PTSB Launch New Savings Products

L

Lightning

Registered User
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5,509
This probably deserves a new thread.

3 new deposit products have been launched today.

This is the first launch of new products in a long time for Rabo.

[broken link removed]
2.05% on €0.01 to €1,000,000
0.00% on €1,000,000+
  • Access: 90 days notice required for withdrawals.
  • Online only.
  • Deposit Protection: €100,000 via Dutch Deposit Guarantee Scheme.
Click to expand...

[broken link removed]
1.95% on €0.01 to €1,000,000
0.00% on €1,000,000+
  • Access: 30 days notice required for withdrawals.
  • Online only.
  • Deposit Protection: €100,000 via Dutch Deposit Guarantee Scheme.
Click to expand...

Permanent TSB: Bonus Booster Account
0.50% on €0.01 to €10,000 excluding bonus.
1.50% on €0.01 to €10,000 including bonus.
1.50% on €10,000+ excluding bonus.
2.50% on €10,000+ including bonus.
  • Access: Instant access.
  • Interest paid: Annually on first working day after 20th November.
  • Bonus is only paid if make no more than 2 withdrawals per calendar year (1st January to 31st December inclusive).
  • Deposit Protection: Unlimited via Irish Deposit Guarantee Scheme and Eligible Liabilities Guarantee.
Click to expand...
 
The bonus booster is a pretty pointless account if they still keep their online instant access. It gives you 2.5% on balances up to €50,000 and you can make as many withdrawals as you like without affecting the rate. Only on balances over €50,000 does the booster account makes sense.
 
Connard said:
The bonus booster is a pretty pointless account if they still keep their online instant access. It gives you 2.5% on balances up to €50,000 and you can make as many withdrawals as you like without affecting the rate. Only on balances over €50,000 does the booster account makes sense.
Click to expand...

Agreed.

Interesting that Rabo are launching new products after years of the same products. However, there is no value in switching from products, that give a better return for your money, such as KBC Smart Saver.
 
RaboDirect Notice Saver 90 6 Aug 2.05% ➡ 1.95%
RaboDirect Notice Saver 30 6 Aug 1.95% ➡ 1.75%
RaboDirect Savings Account 6 Aug 2.25% ➡ 2%

Also
KBC Smart Access Demand Deposit Account 6 Aug 2.6% ➡ 2.3%
PTSB Online Instant Access 6 Aug 2.5% ➡ 2.25%
 
The updates you mention were posted 2 months ago in the best buy threads. The rate changes are applicable today.
 
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