*Apologies - incorrectly posted this earlier as a reply on another thread.
Hi there, we recently requested a breakage fee from AIB - we’re in year 3 of 5yr fixed 3.3%. Breakage fee is €400. However our latest quarterly interest is up instead of down. It’s usually down €20 or so each quarter but this quarter it’s up €15 - so a discrepancy of about €35. We queried it and were told it’s because of the leap year and the extra days in the quarter. Surely that shouldn’t be worth €35?!!
Hi there, we recently requested a breakage fee from AIB - we’re in year 3 of 5yr fixed 3.3%. Breakage fee is €400. However our latest quarterly interest is up instead of down. It’s usually down €20 or so each quarter but this quarter it’s up €15 - so a discrepancy of about €35. We queried it and were told it’s because of the leap year and the extra days in the quarter. Surely that shouldn’t be worth €35?!!