AIB Online Personal Savings Plan
How will my savings grow?
About the Account
Value
Provider
AIB
Account name
Online Personal Savings Plan
Minimum regular deposits
Minimum monthly deposit of €20.
Maximum monthly deposit of €1,000.
Minimum term required
No minimum term.
Flexible deposit amounts
If you make additional payments to your account which would cause your total monthly contribution to exceed EUR1,000, your regular payment will be rejected in full. Please consider your regular payment amounts carefully before making additional lodgements
Introductory bonus
Conditional bonus
To receive bonus interest you must make at least one lodgement each month to your account(minimum €20, maximum €1,000 per month) and make no more than one withdrawal per year (between 1st April and 31st March the next year). <br/>Your bonus interest will be added to your account in April as follows:
<ul><li>Year 1, a bonus of 10% of interest earned is paid</li><li>Year 2, a bonus of 20% of interest earned is paid</li><li>Year 3, a bonus of 30% of interest earned is paid</li><li>Year 4, a bonus of 40% of interest earned is paid</li><li>Year 5, a bonus of 50% of interest earned is paid</li><li>In year six, the bonus will revert back to 10% and the bonus interest will increase incrementally as before.</li></ul>
Joint account available
Two Online PSP accounts are allowed per customer. The Online PSP may only be operated as a Sole Account and not a Joint Account.
Withdrawal notice period
With an Online Personal Savings Plan, you control the amount you save each month and you can make withdrawals whenever you need.
Note: bonus interest may be affected if withdrawals are made. Check terms & conditions for details.
Interest payments
Credited annually in April
ATM card
About the Account
Value
AIB payment account required
You must be a registered user of AIB Phone & Internet Banking and have a suitable AIB payment account e.g. current account or demand deposit account.
Penalties
Age limits
Minimum age 18 years.
Balance limits
Minimum balance not specified.
Maximum balance not specified.
Closing date
Not specified
D.I.R.T.
Interest payments are subject to deposit interest retention tax.
Maximum number of accounts permitted
Two Online PSP accounts are allowed per customer. The Online PSP may only be operated as a Sole Account and not a Joint Account.
Fees & charges
Account fee