Overseas Company Club Account - euro

Credit Interest Rates

Current Interest Rates

Interest rates are correct as at 29 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+ 0.10 0.10
€25,000+ 0.20 0.20
€50,000+ 0.35 0.35
€100,000+ 0.70 0.70
€250,000+ 1.20 1.20

Previous Interest Rates

Interest rates are from 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

*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.