Welcome to AIB Jersey
Instant Access Escalator for Corporates
AIB Jersey is providing a new sterling Instant Access Escalator Account for corporate clients. The "Escalator" runs for 12 months and clients can benefit from competitive rates of interest which increase at the start of each quarter. Clients requiring a regular income stream may opt to have interest paid out quarterly. Funds are held on an instant access basis and are available any time. Also funds may be added to the "Escalator" at any time during the 12 months and there are no restrictions or penalties on the number or value of withdrawals that can be made. The main features of the "Escalator" can be described as follows:
- Fixed Period - 3 October 2011 to 2 October 2012
- Minimum level: £500,000
- Funds held on an instant access basis and are available anytime
- The "Escalator" can be added to at anytime during the Fixed Period
- Interest paid quarterly if client requires a regular income stream
- No restrictions or penalties on withdrawals
Escalator Rates as at 15/07/2011
1st Quarter: 1.50% ~ 2nd Quarter: 1.75% ~ 3 rd Quarter: 2.00% ~ 4th Quarter: 2.25%
AER - Variable AER which is 1.89% if fixed amount placed for full 12 months with interest componded. AER Annual Equivalent Rate illustrates what the rate of interest would be if it were paid and compounded once a year.
Important / Regulatory Information
Please view the Terms and Conditions below: