The AIB Online Personal Savings Plan is an online regular savings product. With an Online Personal Savings Plan, saving has never been easier to save instantly, easily and with complete control, online. You can choose an amount for your monthly lodgements that suits you and you can also make extra deposits at any time you like.
You must be a registered user of AIB Phone & Internet Banking and have a suitable AIB payment account e.g. Demand Deposit Account or Personal Bank Account. 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). You can keep track of your savings easily through AIB Phone & Internet Banking.
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 3.00% gross per annum variable on your savings (A.E.R. 3.00% – 4.50%). The minimum annual equivalent rate is the minimum variable interest rate paid to all Online Personal Savings Plan accounts. The bonus rate applied increases annually over five years from 10% to 50%, after which it reverts to 10%. The maximum annual equivalent rate of interest is achieved in the fifth year if the terms and conditions for the account have been adhered to for five consecutive years.
- 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
Deposit Interest Retention Tax (DIRT) will be deducted 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. 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 is maintained at all times in each account maintained by the non-resident.
How to apply for Online Personal Saving Plan
In order to apply customers must be registered for AIB Phone & Internet Banking. For customers already registered, simply login to AIB Internet Banking in our Related Information Section.