Saturday 24 February 2018

Saving for your new home

Saving for your dream home is an important part of the homebuying process, and you should begin this as early as possible. KBC offer a range of saving products

Saving to buy a house, real estate or home savings, piggy bank in front of property
Saving to buy a house, real estate or home savings, piggy bank in front of property

You should begin saving for your deposit as early as possible - or you may want to save for some fix-up works once you are in your home for a few years. The KBC Regular Saver Account could work for you.

You don't need a big lump sum to start saving. With the KBC Regular Saver Account you can get into the monthly saving habit. You can save between €100 and €1,000 per month. As an optional extra with your KBC Current Account, you can get a 1% bonus on top of the current KBC Regular Saver rate of 0.99% (1.00% AER). That's a 1.98% (2.00% AER) variable.

- Fund a joint account with two Standing Orders (one per individual per month).*

- Two monthly payment breaks allowed each calendar year.**

- Withdraw funds on demand.

- Maximum balance is €50,000.***

• *Maximum of two individuals on the account.

• **To take a payment break you must cancel your Standing Order and give instruction to reinstate the Standing Order for your next payment.

• ***Once this limit is reached, the entire balance (and any continuing Standing Order lodgments) will earn interest at the Standard Demand Deposit Account interest rate.

• Only available to Personal Customers.

• No lump sum lodgments allowed.

• Only one single and one joint Regular Saver Account permitted per individual. AER means Annual Equivalent Rate.

• Interest is subject to Deposit Interest Retention Tax (where applicable and applied annually on the 30th December).

• Rates subject to availability.

• Information correct as of 9th February 2017.

• Terms and conditions apply to the KBC Current Account and KBC Regular Saver.

Sunday Independent

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