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Sundayindependent

MAKE ME RICHER with NICK WEBB

Gas & electricity

SAVE ENOUGH FOR A 10x6 METAL APEX GARDEN SHED

The semi-state gas and electricity companies are way too expensive for energy. Perhaps they should be cutting prices, rather than sponsoring musical theatre or spending loads of money rebranding? Electric Ireland my foot. What was wrong with calling it ESB? Nowadays it’s miles cheaper to go to the private sector companies for your home heating or lighting. For someone spending €150 per month on gas on a standard tariff from Bord Gais and another €150 per month on the standard ESB tariff. Both already paid by direct debit. Quotes from bonkers.ie

GAS
Best: Flogas direct debit €1,559.91
Avoid: Bord Gais Standard €1,800
Saving: €240.09 per year

ELECTRICITY

Best: Airtricity 2 year contract €1,537.13
Avoid: ESB Standard €1,800
Saving: €262.82 per year

 

Current account charges

SAVE ENOUGH FOR A CHAD VALLEY 6FT TRAMPOLINE

Free banking has been all but zapped as the banks find new and clever ways to wring more cash out of their customers. However, for many people, it was just a bit of a gimmick and only made sense if you stick rigidly to all the terms and conditions… or barely used the account at all. Some banks have preferential interest rates for those who pay a quarterly fee, which more than makes up for the cost of the current account if you have hefty borrowings. And pretty much everyone has hefty borrowings. AIB’s quarterly fee is rather low, but you have to pay for all kinds of other stuff – stuff which you don’t pay for at rival outfit. We’re just comparing the quarterly fees below. AIB’s big perk is cheapish overdraft rates, while Ulster Bank’s perk is that the €30 per quarter charge actually covers most of the fees.

Best: AIB €18 per year
Avoid: Ulster Bank €120 per year
Saving: €102 per year

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