aib green 2.15% overpayment

[Dublin85]

does anyone with the aib 5 year fixed know anything a out making overpayment? how easy is it and is there a penalty.

I'm only thinking a few hundred here and there

thanks

 

[Merowig]

Overpayment / re-fix flexibility of AIB's green 5yr fixed rate (and some other rates)

Moderator's note: Because of a quirk in how AIB calculate their break fee / early redemption charge, you can make unlimited overpayments on some of their fixed rates without penalty. Or you can break out of your existing AIB fixed rate and re-fix on a different rate, again without penalty. (You...

www.askaboutmoney.com

There should be no break fee for the 5 and 3 year fixed rate.
I monthly overpay my 5 year fixed and AIB so far never charged a breakfee. According to my understanding AIB would need to reduce the fixed rate for 1,2 and 4 years in order to have a break fee or the 3 and 5 year rate.
In case of doubt ask for a breakfee. (personally I do not bother).
I just transfer from my current account to my mortgage account.

 

[Dublin85]

Overpayment / re-fix flexibility of AIB's green 5yr fixed rate (and some other rates)

Moderator's note: Because of a quirk in how AIB calculate their break fee / early redemption charge, you can make unlimited overpayments on some of their fixed rates without penalty. Or you can break out of your existing AIB fixed rate and re-fix on a different rate, again without penalty. (You...

www.askaboutmoney.com

There should be no break fee for the 5 and 3 year fixed rate.
I monthly overpay my 5 year fixed and AIB so far never charged a breakfee. According to my understanding AIB would need to reduce the fixed rate for 1,2 and 4 years in order to have a break fee or the 3 and 5 year rate.
In case o doubt ask or a breakfee. (personally I do not bother).
I just transfer rom my crrent account to my mortgage account.

thanks for thr info. does it come straight off the principal?

 

[Merowig]

thanks for thr info. does it come straight off the principal?

yes