AIB 5% Interest Rate on Deposits

AIB launched a new lump sum online deposit account today. Their ‘Online Notice Deposit 7 Account’ has an interest rate of 5.00% AER on the first 10k Euro.
The rate is just 3.50% AER for sums between EUR10,001 and EUR100,000.
No lodgement restrictions – customers can transfer money into the account at any time from any account on AIB Internet Banking.
But 7 days notice is needed to withdraw funds is required.