Online Personal Savings Plan

If you're thinking of starting to save then why not avail of a great rate of 2.25% gross* per annum (A.E.R. 2.25% - 3.375%). With an Online Personal Savings Plan, saving has never been easier. You can save instantly, easily and with complete control, online. View our Deposit Interest Rates in our Related Information section.

How an Online Personal Savings Plan Works

• 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.
• The AIB Online Personal Savings Plan is an online regular savings product, so you can choose an amount for your monthly lodgements that suits you and you can also make extra deposits at any time you like.
• The minimum you must deposit to your account in a calendar month is EUR20 and the maximum per calendar month is EUR1,000.
• Your chosen savings amount automatically transfers into your Online Personal Savings Plan each month by way of standing order and you can transfer additional amounts at your own convenience (subject to the overall monthly maximum of EUR 1,000). Please note: Additional payments to your account may affect your regular payments. The total lodgements to your account (inclusive of any additional payments) in any one month period may not exceed EUR 1,000. 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 to ensure your regular payment is not rejected
• You can keep track of your savings easily through AIB Phone & Internet Banking.
• To close an Online Personal Savings Plan, you are advised to visit your local AIB branch, where any interest accrued and due shall be applied to your account before account closure.

Benefits of an Online Personal Savings Plan

Avail of a great rate

With an Online Personal Savings Plan you can avail of a great rate of 2.25%* gross per annum variable on your savings (A.E.R. 2.25% - 3.375%).

Bonus benefit

To receive bonus interest you must:

• make at least one lodgement each month to your account(minimum EUR20, maximum EUR1,000 per month)and make no more than one withdrawal per year (between 1st April and 31st March the next year).
• Your bonus interest will be added to your account in April as follows:

Year 1, a bonus of 10% of interest earned is paid
Year 2, a bonus of 20% of interest earned is paid
Year 3, a bonus of 30% of interest earned is paid
Year 4, a bonus of 40% of interest earned is paid
Year 5, a bonus of 50% of interest earned is paid
In year six, the bonus will revert back to 10% and the bonus interest will increase incrementally as before

Lodge and Withdraw when you like

With an Online Personal Savings Plan, you control the amount you save each month and you can make withdrawals whenever you need.

Tax on Interest earned on Online Personal Savings Plan

We will deduct Deposit Interest Retention Tax (DIRT) at the prevailing rate from all interest earned, unless you are entitled to exemption from DIRT, and we will pay this directly to the Revenue Commissioners.

To the extent that DIRT has been deducted there is no further liability to Irish income tax, but you may be subject to PRSI/Health levy.

The Bank will deduct DIRT from the accounts of non-residents unless a fully completed non-resident declaration form is held by the Bank and a minimum balance of EUR12,500.00 is maintained at all times in each account maintained by the non-resident.

If you or your spouse are aged 65 or over in the current tax year, or are permanently incapacitated, and you are exempt from income tax, you may apply to have the interest on the account paid without deduction of DIRT.

In order to apply customers must be registered for AIB Phone & Internet Banking
Full details of how to register are in our Next Steps section above.

For customers already registered, simply login to AIB Internet Banking in our Related Information Section.

*Gross Interest rates are subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate. A.E.R is the Annual Equivalent Rate. Rates quoted are correct as at 19th May 2009.

Phone 1890 724 724

Important/Regulatory Wording

Terms and Conditions apply.

• AIB Terms of Business
• Online Personal Savings Plan Terms & Conditions

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