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Goalsaver A/c - Interest Calculation

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    #2
    Bank of Ireland: Tara
    Closed Accounts Posts: 2,346 ✭✭✭Bank of Ireland: Tara


    1dave123 wrote: »
    Hi there 

    Bonkers.ie seems to be suggesting that if your account balance exceeds €14,999 then the whole balance receives interest of 0.25% p.a. 

    https://www.bonkers.ie/compare-savings-accounts/bank-of-ireland/AC46HY/goal-saver-0-14999-bank-of-ireland-current-account-required/

    This is incorrect as far as I can tell. Can you advise. 

    My understanding is that if say your balance is €20000 then the interest will be 

    1.35% on 1st 15,000
    0.25% on the remainder of €5,000

    Can u confirm - thank u.


    Hi 1dave123,

    Thanks for contacting us here today.

    As you correctly mentioned, the bonus interest rate is available on the balance up to €15000 any amount above this earns the lower interest rate. Going above the €15000 will not cause you to loss the bonus interest rate.

    Thanks
    Tara


  • Options
    #3
    1dave123
    Registered Users Posts: 71 ✭✭1dave123


    Bank of Ireland: Tara wrote: »
    1dave123 wrote: »
    Hi there 

    Bonkers.ie seems to be suggesting that if your account balance exceeds €14,999 then the whole balance receives interest of 0.25% p.a. 

    https://www.bonkers.ie/compare-savings-accounts/bank-of-ireland/AC46HY/goal-saver-0-14999-bank-of-ireland-current-account-required/

    This is incorrect as far as I can tell. Can you advise. 

    My understanding is that if say your balance is €20000 then the interest will be 

    1.35% on 1st 15,000
    0.25% on the remainder of €5,000

    Can u confirm - thank u.


    Hi 1dave123,

    Thanks for contacting us here today.

    As you correctly mentioned, the bonus interest rate is available on the balance up to €15000 any amount above this earns the lower interest rate. Going above the €15000 will not cause you to loss the bonus interest rate.

    Thanks
    Tara
    Thank you


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