You say in a previous post that you earn €500 net per week which I put at about €30,000 p/a gross.
If the OP earns €500 a week, how is he saving €2300 a month in regular saving accounts plus the other €253 that he continuing to pay into his old SSIA equity account while maintaining full balance in Rabo and Northern Rock (or thought it was the max balance)
Eh? They pay 7.1% gross CAR and this is on amounts drip fed into the account (i.e. only funds 12 months in the account actually earn 7.1%). I don't see anything sneaky about this. Basically 7.1% on 12 monthly installments of €300 is not the same as 7.1% on €3,600 since not all of the money is on deposit for a full year. See this calculator for working out the effective interest earned on amounts drip fed into an account.As the balance is less in account at april than in oct is this a sneaky catch by AIB.
See this calculator for working out the effective interest earned on amounts drip fed into an account.
The one that I linked to. Unfortunately displaying odd (e.g. Greek or Cyrillic) characters instead of in English and I don't know why.which one? Its in some strange language!!!!
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