Overseas Company Club Account - euro

Credit Interest Rates

Current Interest Rates

Interest rates are correct as at 01 December 2008

Interest on Credit Balances (paid half yearly) % Per Annum Gross Rate* % Per Annum AER**
Up to €2,000 Nil Nil
€2,000+ 0.10 0.10
€10,000+ 0.55 0.55
€25,000+ 0.85 0.85
€50,000+ 1.10 1.10
€100,000+ 1.45 1.45
€250,000+ 1.95 1.96

Previous Interest Rates

Interest rates are from 31 October 2008

Interest on Credit Balances (paid half yearly) % Per Annum Gross Rate* % Per Annum AER**
Up to €2,000 Nil Nil
€2,000+ 0.20 0.20
€10,000+ 1.05 1.05
€25,000+ 1.35 1.35
€50,000+ 1.60 1.60
€100,000+ 1.95 1.95
€250,000+ 2.45 2.46

*GROSS RATE: The contractual rate of interest payable before deduction of income tax at the rate specified by law.

**AER - AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.