EBS announces regular savers rate

Dublin: EBS yesterday announced details of a new market-leading rate for regular savers, only available until the start of August.

The EBS family savings account offers a rate of 5% gross PA/AER fixed for those who open an account between now and August 5.

The one-year fixed rate of 5% is available to those who deposit between €100 and €1,000 a month by direct debit. The regular savings account has a minimum opening balance of €1, up to a maximum of €1,000. Depositors can make up to two withdrawals a year. In year two, the then prevailing re-investment rate on EBS’s 12-month, fixed-term savings account will be offered and, thereafter, the rate will be fixed at the start of each year