Is EAR=AER?

[ditchhurler]

Sorry, seems like a silly question but does E.A.R. mean the same thing as A.E.R.?

I'm looking to invest €20000 over a fixed term.
Bank of Ireland have 8% (5.26% E.A.R.)

Irish Nationwide are offering 6% (6% A.E.R.) on 6, 9 and 12 month deposits.

Irish Nationwide is better, right? I'm assuming that the terms in brackets mean the same thing!

Also, is there any advantage to investing for 12 months over 6 months? I suppose the same rate may not be available for the lump sum after the initial 6 months if that's all you've signed up for? Anything else glaring me in the face that I can't see?

Thanks

 

[pudds]

A.E.R. sounds like a typo error to me. (mail or ring them)

As it looks like int rates are going to come down I'd grab the best 1yr fixed term that you can get or even a longer term if that suits you but it's your call and I'm no expert.

 

[WaterSprite]

See [broken link removed] for a Halifax blurb on EAR/AER. I googled "EAR interest".

Sprite