EBS family savings account - interest does not seem right??

I closed down my EBS family savings account to avail of the 4% interest on it and all I got back on my investment was €194...this does not sound right to me!
the account ended up having 13k in it. it was reaching the 1yr mark on March 2nd so I rang EBS on 1st to ask to close the account and transfer money to my own account. was told could only do this in local branch as they would have to issue a cheque and I could do it within following 10 days. So I went to local branch yesterday, got my cheque and was shocked i only got €194 of interest credited. is this right?

EBS Family Savings Account
4.00% for year 1 only up to €12,000.
3.00% for year 2 only up to €24,000.
Note 1: Regular lodgements required by direct debit only.
Note 2: Minimum term one year.
Note 3: Minimum €100 a month; Maximum €1,000.
Note 4: Interest rate is fixed for year one. This has been referred to as a "regular saver term deposit".
Note 5: Rate for year 3 is not currently published.
Note 6: You can make best return from this account by withdrawing all money on the 1st anniversary "at the end of the term".
Note 7: The monthly amount can only be changed by written request.

Hi princessFi, I presume you were making monthly deposits of €1K, if so the interest is correct. Annual interest per €1k is €40.00, monthly interest per €1k is €3.33. Therefore in month 1 you earned €3.33 interest, month 2 was €6.66, month 3 was €9.99 etc. Total interest after 12 months was €260.00 less 25% DIRT = €195.00

thanks for explaining to me.