01 Jul
AIB 11% Interest on Current Accounts
Allied Irish Bank are offering 11% interest on credit balances on current accounts – but there are plenty of catches that will probably make you think twice about bothering with it.
a) The 11% rate ends on 1/8/07 and reverts to 4% A.E.R.
b) The interest is only paid on the first 1500 euro.
c) To get the 4% rate you have to lodge EUR 1,500 into your account each month.
d) AIB will charge their standard fees and charges unless you Use your AIB Debit Card to make a purchase, AND
Make a debit transaction using AIB Phone & Internet Banking once a quarter.
Not as good as it sounds now – but it’s a step in the right direction.