Irish Nationwide have finally joined the other banks and building societies and launched a Regular Saver account. The interest rate is 7.35% – the best of all the regular saver accounts at the moment – and is guaranteed to be ECB+3.35% until 31/3/2009. After that it is guaranteed to be then ECB+1% until 31/12/2010 – which is still quite good.
The minimum payment is €100 a month , Max is €1,000 per month.
Initial payment must be the same as subsequent payments.
Contribution amount can be altered once every 6 months.
Upto 2 withdrawals per year; subsequent withdrawals are subject to 30 days interest penalty on the amount withdrawn.
See Best Buys for regular savings accounts
