Money Guide Ireland

Archive for the 'Deposit Accounts' Category

13 Jun

Anglo Irish Bank Reduce Savings Rates

Anglo Irish Bank have lowered rates on many of it’s deposit accounts. At a time when borrowing rates are rising it may seem strange. The changes are as follows.
Instant Access has dropped from 4.50% to 4.00%.
7 Day Notice has dropped from 4.55% to 4.05%.
30 Day Notice has dropped from 4.75% to 4.65%.
See Best Buys for […]

23 Apr

Annual or Monthly Interest?

Some people seem to get confused about how interest on deposit accounts is calculated and paid. Some people seem to think that an account that pays interest annually - say on 31st Dec - will pay a full years interest on the balance as at 31st Dec. I have seen forums where people think that […]

18 Mar

Irish Independent - incorrect or biased?

I always wonder about the motives behind some of the financial articles in the Irish Independent. Certain banks seem to be mentioned more than others. I often wonder if the articles are unbiased - or are they a thinly disguided advert?
Take an article in todays Indo by by Charlie Weston about high interest current accounts. […]

11 Feb

Anglo Irish Bank Increase Savings Rate

ANGLO Irish Bank is raising the interest rates it is paying on its demand and notice accounts.
The bank will be increasing rates from Feb 29th 2008.
The rate on the ‘Easy Access’ demand deposit rate rises from 4pc to 4.5pc, and the 30-day notice account rate from 4.5pc to 4.75pc. Access by post or […]

07 Feb

Northern Rock Increase Rates for Savers

Northern Rock Ireland have increased the rate on thier online deposit account from 4.5% to 5%. This is the highest rate for balances over 15k. You can start an account with 1k and there is no maximum balance.

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