I am at a loss as to how the AIB regular saver account works.
I opened 2 of these a few months ago and have made some monthly payments into them. Both have €4,000 in them at the moment, increasing by €1,000 per month.
There are some "transactions" I don't understand:
Account A:
...
19 Sep 2023: New Interest Rate Credit @3.000% Up to e €8,000...
2 Oct 2023: Standing order payment made
13 Oct 2023: Interest Rate Credit @3.000% Up to e €9,000...
1 Nov 2023: Standing order payment made
Account B:
...
19 Sep 2023: New Interest Rate Credit @3.000% Up to e €2,000...
29 Sep 2023: Interest Rate Credit @3.000% Up to e €3,000...
2 Oct 2023: Standing order payment made
1 Nov 2023: Standing order payment made
1 Nov 2023: Interest Rate Credit @3.000% Up to e €4,000...
What do the interest rate credit lines mean and why are they different if the accounts and the standing order are the same?
Am I availing of the full 3% interest?
How can I calculate the total interest if I put €1,000 per month for 12 months?
I opened 2 of these a few months ago and have made some monthly payments into them. Both have €4,000 in them at the moment, increasing by €1,000 per month.
There are some "transactions" I don't understand:
Account A:
...
19 Sep 2023: New Interest Rate Credit @3.000% Up to e €8,000...
2 Oct 2023: Standing order payment made
13 Oct 2023: Interest Rate Credit @3.000% Up to e €9,000...
1 Nov 2023: Standing order payment made
Account B:
...
19 Sep 2023: New Interest Rate Credit @3.000% Up to e €2,000...
29 Sep 2023: Interest Rate Credit @3.000% Up to e €3,000...
2 Oct 2023: Standing order payment made
1 Nov 2023: Standing order payment made
1 Nov 2023: Interest Rate Credit @3.000% Up to e €4,000...
What do the interest rate credit lines mean and why are they different if the accounts and the standing order are the same?
Am I availing of the full 3% interest?
How can I calculate the total interest if I put €1,000 per month for 12 months?