FINWIRE®

Anglo Irish Bank Increases Personal Savings Rates

February 21st, 2008

Anglo Irish Bank announced that it was increasing the rates on its personal savings accounts, specifically the Easy Access Account and 30 Day Notice account, with effect from February 29th 2008.

The rate changes are as follows:

• Easy Access account increased by 0.5% to 4.5% gross/AER

• 30 Day Notice Account increased by 0.25% to 4.75% gross/AER

Both accounts have no minimum amount and a generous maximum amount of €1m per applicant and available to open by post, online or at the Bank.

The 1 Year Fixed Term Account continues to pay 5%, and also allows access to 10% of funds on demand.

Commenting on the rate changes, Derek Keogh – Head of Personal Savings at Anglo Irish Bank, said:

“We have always been one of the highest paying banks for savings in Ireland and this increase in rates demonstrates our commitment to consistently deliver the best range of savings accounts to the Irish saver.

As we have highlighted before, there are billions of savings out there earning little or no interest and we have always been there to provide an alternative.”

This puts Anglo’s savings accounts ahead the competition, particularly for lump sums of €20,000 or more, given that the rate doesn’t fall if the amount goes over a specified amount, nor is there an online-only requirement.

Entry Filed under: FINWIRE®