AIB raises interest on Regular Saver Accounts to 7.10% AER

Irish
AIB raises interest on Regular Saver Accounts to 7.10% AER
By Finfacts Team
Mar 14, 2007, 15:59

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Eugene Sheehy, CEO AIB Bank

Today AIB Bank announced an increase in its Regular Saver account to 7.10% A.E.R. The new rate will be effective from close of business today, Wednesday 14^th March 2007.

The account is open to regular monthly savings amounts from as little as €10 and up to €300 per month. This rate increase applies to all regular saver accounts both new and existing.

Hugh O’Keeffe, Head of Resources Strategy & Products, AIB Bank ROI, said:

“AIB has consistently led the way in the savings market since SSIAs were introduced in 2001. Our Regular Saver account, introduced in 2006 has proved extremely popular with both new and existing customers. Indeed, we are opening savings accounts at a faster rate than our SSIAs are maturing.

“Our research indicates that customers are looking for the flexibility and value that our AIB Regular Saver account gives them. We remain the market leader in the regular saver space so if you’re looking for the best return for regular savings look no further than AIB for a great rate.”

* AER is Annual Equivalent Rate - - A notional rate which demonstrates what the interest return would be if the interest was compounded and paid annually.