Should I continue with AIB Online Personal Savings Plan?

[Potter on]

Hi

It is my first post here, hope someone can give me some advise.

I opened a AIB Online Personal Saving Account over two years ago and has a nice sum in the account now. according to AIB website

With an Online Personal Savings Plan you can avail of a great rate of 3.50%* gross per annum variable on your savings (A.E.R. 3.50% - 5.25%).

Year 1, a bonus of 10% of interest earned is paid
Year 2, a bonus of 20% of interest earned is paid
Year 3, a bonus of 30% of interest earned is paid
Year 4, a bonus of 40% of interest earned is paid
Year 5, a bonus of 50% of interest earned is paid
In year six, the bonus will revert back to 10% and the bonus interest will increase incrementally as before

Since there are some higher interest deposit accounts in the current market, I am just wondering if it is worth me closing this account and putting money in another account which yield more return, although probably not much.

thanks,

Potter on.

 

[PaddyW]

If you have 20k to spare, put it with investec @ 6.5% aer

 

[Potter on]

Thanks PaddyW, just saw another post about Investec high interest fixed term deposite account.

I will check that out.

 

[vipera1]

AIB online Personal Savings Plan rate falling to 2.75% gross (2.75%-4.125% AER) tonight.