Bank of Ireland UK Launches Limited Edition Fixed Term Deposit Account

 

George Higginson

 

Bank of Ireland UK has launched a new Limited Edition Fixed Term Deposit account, offering interest rate certainty for savers who can lock their funds in for one year.

Available to customers across the UK, existing and new to bank customers can save between £2,000 and £1,000,000 in a single deposit with a competitive 4.65% Gross1/AER2 interest rate.

The Limited Edition Fixed Term Deposit account compliments the Bank’s existing range of fixed term and easy access savings accounts, including its Classic Saver account which can be opened with £1 and is available to customers aged 12 and over.

Further supporting its customers, Bank of Ireland UK has also recently increased interest rates across its savings account range with customers due to receive confirmation of their improved rate in the coming days.

George Higginson, Managing Director NI and UK Strategic Partnerships, Bank of Ireland UK said:

“We want to help our customers thrive and achieve their financial ambitions which is why we provide a range of ways in which they can save with us to develop healthy savings habits and feel rewarded when they do.

“We have helped generations of customers to save for important moments in life and we’re committed to continuing to develop products and services to help customers reach their financial goals.”

“We regularly review our products and services to ensure we deliver value and ensure we deliver on our purpose of enabling our customers, colleagues, society and shareholders to thrive.”

Consumers can apply for the Bank of Ireland Limited Edition Fixed Term Deposit account online.

Further deposits and withdrawals from the Limited Edition Fixed Term Deposit account are not permitted during the fixed term period. The interest rate is fixed for the duration of the fixed term deposit and interest is paid in one sum at the end of the term.

Full details on how to apply, including eligibility criteria and deposit limits along with information on the full range of Bank of Ireland UK savings accounts is available at: Savings – Bank of Ireland UK

1 Gross rates means we will not automatically deduct tax from the interest we pay on money in your account. It’s your responsibility to pay any tax you may owe to HM Revenue & Customs (HMRC).
2 AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest were paid and added to your account each year.