AIB Saver accounts

rayn

Registered User
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This account gives 2% on up to €1000 for ! month, €2000 for 2nd month etc.
Am I right that if I leave €12000 in for a year I will earn approx. 1% before dirt?
also I believe a person can hold 4 of these accounts.
 
You can't leave €12,000 in for a year and get 2%. You can make €1000 per month deposits, but at the end of the year, you will have to take your €12000 out and start regular savings again, or the interest rate falls drastically.
 
You can't leave €12,000 in for a year and get 2%. You can make €1000 per month deposits, but at the end of the year, you will have to take your €12000 out and start regular savings again, or the interest rate falls drastically.
My understanding is that after paying in €1000 per month for 12 months you can stop paying in 1000€ and leave the monies there. Ok you only get 2% on 1000€ in 13th. Month and 0.15% on 11000 and 2% on €2000 in 14th. month etc. My question was does this equate to 1% pa before dirt.
 
Am I right that if I leave €12000 in for a year I will earn approx. 1% before dirt?

You will get an average rate of 1.15% AER variable.

also I believe a person can hold 4 of these accounts.

You can hold 8 accounts. 4 branch accounts and 4 online accounts.

You can't leave €12,000 in for a year and get 2%. You can make €1000 per month deposits, but at the end of the year, you will have to take your €12000 out and start regular savings again, or the interest rate falls drastically.

Exactly but just to be clear ...
You can leave 12,000 EUR in for the year but you will only earn 1.15% AER variable as an average rate.
The monthly deposits can exceed 1,000 EUR but will not get 2.00% AER variable if your total account balance exceeds 1,000 EUR multiplied by X where X is the number of months since the account was opened or since the last annual anniversary.

My understanding is that after paying in €1000 per month for 12 months you can stop paying in 1000€ and leave the monies there. Ok you only get 2% on 1000€ in 13th. Month and 0.15% on 11000 and 2% on €2000 in 14th. month etc. My question was does this equate to 1% pa before dirt.

Exactly. The average payment from month 13 onwards will be 1.15% AER variable.
 
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