WATCH OUT FOR BAD BANK DEALS

Bah! Banks deserve a slap on the wrists for misleading customers with high regular savings rates only to slash them, and/or impose onerous conditions, once enough people are on board.

KBC’s 3% Extra regular savings deal still looks good even after it was effectively slashed from 4.5% since 2014. But it only applies if you open a current account and pay in €2,500 per month; otherwise the rate is 1%.

The EBS pays 3% – but only for a year, after which interest reduces to a pittance. AIB’s 2% regular savings account rate is the best you can do, and it’s actually not bad in such a low deposit rate environment.

Accordingly, AIB moves onto our Best Buys table for regular savings in place of KBC and EBS.