High Interest Current Account - AIB

M

Merlin

Registered User
Messages
120
Hi there,
Couldn't see a thread for this - hope I didn't miss it.
I have a current acc with AIB and if I understand the below correctly I'd be silly not to move to this ? But I kind of suspect that there must be something wrong with it ?
M.
Special Rate

12% (6.10% A.E.R.)* variable

Why leave your hard-earned cash sitting idle in your current account when it could be earning a high rate of interest. Make your money work for you. Choose our AIB High Interest Current Account.



This special offer is available to new customers or existing customers who swap into a High Interest Current Account from another AIB current account between 3rd March 2008 and 2nd May 2008 inclusive. Special rate of 12% (6.10% A.E.R.)* variable available until 2nd June 2008. From 3rd June 2008 the rate will revert to the Standard Variable Rate for this product, currently 4% A.E.R.
 
It makes sense to transfer to high interest current account. However remember there are restrictions e.g. it only applies to a limit of €1,500 balance ASAIK so no point in making large deposits.
 
THanks Oldtimer - I don't normally have large amounts of money in my current account but from what I can see it's enough to have my wages coming into the account every month so I really need to change nothing apart from opening a new account ?
M.
 
Don't bother with these type of accounts, they are not here to help people but make money for the banks.
 
The majority of people do! But in all seriousness there are much better products out there than the 'look out our massive interest' accounts that limit your deposits.
 
Agreed. I am a member there myself. The Visa Debit card alone was enough to get me to move.

None of this stupid Laser Card rubbish.
 
slinky said:
Agreed. I am a member there myself. The Visa Debit card alone was enough to get me to move.
Click to expand...
You cannot see your Halifax VISA transactions online. This is poor compared to other online banking offerings and a deal breaker for some people. I just got a Halifax VISA to get the "free" €100 and then closed the account last week. Return net of €30 stamp duty = €70. I do have other Halifax accounts including a current account and find them good for those.
None of this stupid Laser Card rubbish.
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Eh? What on earth do you mean? Laser debit cards are very useful tools for many people.

:rolleyes:
 
Laser Transactions can remain uncashed for up to 6 months and are not accepted online or internationally.


They do not show online and even the bank cant tell you what they are. In the last three weeks I have had the card refused 2 twice for no reason other than the whole Laser system crashed last weekend and the cashier couldnt be bothered to tell me.

Never had a problem with Visa and all transaction visible online and a real balance as opposed to notional is show online and on ATM.

Incidentally Stamp Duty on a Halifax Account is 10 euro not 30.
 
I meant you cannot purchase anything online in such an easy manner as Visa.

Would you really base your financial dealings on which card allows you to top up on Vodafone?

Visa also tops up Vodafone.

Anyway each to their own.
 
slinky said:
Laser Transactions can remain uncashed for up to 6 months and are not accepted online or internationally.

They do not show online and even the bank cant tell you what they are. In the last three weeks I have had the card refused 2 twice for no reason other than the whole Laser system crashed last weekend and the cashier couldnt be bothered to tell me.

Never had a problem with Visa and all transaction visible online and a real balance as opposed to notional is show online and on ATM.

Incidentally Stamp Duty on a Halifax Account is 10 euro not 30.
Click to expand...

I used my laser to pay for something in Riga airport (NB Latvia is a non eurozone country), that is the idea of having maestro. You can use your Laser card abroad same as in ireland. Fair enough the fees are higher than on a CC (well they are with PTSB anyhow) but it can be done. Any time I use my Laser it shows up online almost instantly (PTSB customer). Lets say i have 1000 in my account and spend 100. My balance will be 1000 but my available balance will be 900.

I agree that Visa is more widely accepted online but I also use laser frequently.

Btw how do halifax manage to only charge you 10 euro on CC stamp Duty? Do they just pay the rest for you?
 
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