AIB's Online Notice Deposit 7 - how is the interest posted ?

R

romino

Guest
hello, basic question:
with online notice deposit 7, I see in T&C:
"Interest will be posted to your account twice per annum - in April and October."
does it mean that if I choose to withdraw the savings now, I will not get any interest earned since October and it would be better to wait with the withdrawal until April ?
Or will they post the interest earned between October and now if I decide to withdraw now ?
Sorry, it is not clear for me from the T&Cs on their website and their customer service is not responding to my email.
thanks
 
Interest is calculated on a daily basis and is added to the account in April and October. If you withdraw all the money now the balance will go to zero. The interest you have earned on this money since October will be credited to the account in April. You will not lose any interest already earned.

If you withdraw all the money and close the account you will be paid all the interest earned up to the date of closure.
 
thanks for detailed explanation ! it's really great to hear that it works like that.
 
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