AIB 2.77% 2 Year Deposit Until 13 May

When filing tax returns for interest on deposits ie AIB. . Is the 5,000 euro income limit per person before you need to fill in form 11 instead of form 12. Ie if you have a joint account and you are jointly assessed . Is the limit then 10,000 before you need to fill in a form11.
 
Homewardbound11 said:
if you have a joint account and you are jointly assessed . Is the limit then 10,000 before you need to fill in a form11.
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Not the answer you were hoping for…. It’s €5,000 per tax registration/return, so that remains the limit for joint assessments.
 
If you open this account does the 2.77% rate hold for 7 days i.e do you have 7 days to get the money in at the rate on the day you opened the account? Thanks.
 
DocOc said:
do you have 7 days to get the money in at the rate on the day you opened the account
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Yes, but don’t hang around, the account is cancelled automatically if you have not lodged to it. Also, it might be safer to think of it as six days; I set one of these up before Christmas and the lodgement was delayed awaiting funds was and when I attempted to lodge on the seventh day it wasn't accepted as the account had been closed. On that occasion I was fortunate as the rate I signed up for was still on offer when I set up another account.
 
Would your deposit rate not be locked in i.e fixed for the 2 years. Is the drop in rate only for newly opened deposit accounts?
 
jim said:
Would your deposit rate not be locked in i.e fixed for the 2 years. Is the drop in rate only for newly opened deposit accounts?
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Should be - it's a fixed term and fixed rate account:
aib.ie

Personal Fixed Term Deposit Account

aib.ie aib.ie

Personal Fixed Term Deposit Account​

Earn a fixed rate of interest on your lump sum of €5,000 or more and access your money at the end of the term.
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There is still a bit of time to get the 2.77% rate. AIB have provided much more notice this time of the change. The rate is available until 13 May. And you can fund the account up to 5 days thereafter.

RTE reporting that AIB are saying that "AIB continues to offer some of the most competitive savings rates in the Irish market, especially for customers who require instant access on their savings". This is somewhat misleading. AIB offer awful instant access rates on standard instant access products. AIB are clearly selectively referring to their regular saver product but it is not fair to compare the rate on this product to instant access rates on the market as a whole.
 
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