AIB Parent Saver Plan - regular saver with 10% on one year's contributions

The_Hustler said:
I'm pretty sure godparents can open these too with consent from the parents.
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Anybody can open an account for any kids as long as they get permission. I'm just wondering if they insist on written permission or just reserve the right to ask for it?

Thanks losttheplot.
 
I opened one for my grandchild and presented written consent from the childs father. I thought it was necessary '' third party such as grandparents or godparents my also open a Parent Saver Plan with the written consent of the parent of the nominated child.''
 
What is that quote from? Not from the T&Cs. As far as I can see the [broken link removed] say:
 
It's on the main page.

Benefits of the Parent Saver Plan:


  • Great variable rates of interest on both savings accounts - maximising your savings.
  • Offers you the flexibility to save regularly on a monthly basis – as well as any lumps sums you may have from time to time. It is ideally suited for saving your Children’s Allowance.
  • Third parties such as grandparents or godparents may also open a Parent Saver Plan with the written consent of the parent of the nominated child.
  • For those unexpected emergencies you have the flexibility of withdrawing your money from either of these accounts at any time without penalty.
  • No fees or charges apply to either account.
 
Thanks. The T&Cs are presumably more authoritative than any product blurb on the website though.
 
i opened four of these accounts-you would be a fool not to-I read all the t's and c's and the product information-and concluded that just about anyone can open one (or 4)! of these accounts
 
Could a couple open 8 accounts all for one child?

Can;t see anything against it in the T&C.
 
Don_08 said:
Could a couple open 8 accounts all for one child?

Can;t see anything against it in the T&C.
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What about:
1.5 No Customer may open more than four Plans whether in the Customer’s sole name or jointly with another customer.
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I would also imagine even if the T&Cs don't state it explicitly that they would only allow one account per individual child.
 
But "the Customer" must be over 18 years of age. Seems pretty clear that any reference to a customer is to the Parent.

I'll drop in to check what is possible
 
I must close down my Parent Saver accounts - I have just noticed that the Interest Rate is now down to only 2.5%
 
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