AIB fixed for 3 years @ 2.85%, should I break to avail of recent reductions?

SpiderBaby

Registered User
Messages
8
I'm currently on a 3yr fixed with AIB at 2.85%. Rang them there to get the breakage fee and they said they can't provide it over the phone. They'll send a letter in 5-10 working days and the figure quoted will only be vaild for 5 working days from the date on the letter (generated date). They said if I ring back in 5 days and the letter has been generated but I haven't received it, only then can they give me the quote over the phone as until then there's nothing on file.

From looking at AIB website around early repayment calcs and using the ICE report numbers (EUR rate 1100) I think my break fee should only be around €165 but happy to be corrected as not sure how it works with the negative market rates or if I've selected the right one (picked default)

Outstanding Balance €244883 [A]
Months left on fixed term = 29 [U = 29/2]
Start of fixed term 31/07/19 [Market rate was -.416%]
Yesterday's market rate close = -.388%
so D% = .028%

A * U * D = €165.65
 

SpiderBaby

Registered User
Messages
8
Just to close this off - I still haven't recieved the letter so I rang them today to check and they said "good news, you don't have any breakage fee cost". :D
 
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