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365 monthly saver account

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  • 07-09-2018 9:19pm
    #1
    Paul_Mc1988
    Registered Users Posts: 748 ✭✭✭


    Quick question regarding the 365 monthly saver account. It's says for accounts up to 9999 you receive interest at 1.2% and for over 10000 you receive you receive .25%.


    So if depositing 1000 per month and the account hits 15000. Do you get interest at .25 for the whole amount or do you receive interest at 1.2% for the first 9999 and then interest at .25 for the next 5001?


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    #2
    Bank of Ireland: Darren
    Closed Accounts Posts: 991 ✭✭✭Bank of Ireland: Darren


    Paul_Mc1988 wrote: »
    Quick question regarding the 365 monthly saver account. It's says for accounts up to 9999 you receive interest at 1.2% and for over 10000 you receive you receive .25%.


    So if depositing 1000 per month and the account hits 15000. Do you get interest at .25 for the whole amount or do you receive interest at 1.2% for the first 9999 and then interest at .25 for the next 5001?
    Hi Paul_Mc1988, 

    Thanks for getting in touch with us here.
    I can confirm that if you go over the limit the €9999 will still earn the 1.2% interest and any amount over that will earn the .25% interest rate. 
    Thanks again, 
    Darren. 


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