A simple, convenient way for you to save. Access your savings whenever you want.
Open an account with as little as £1
Save as much as you want
Interest rates can change
Get paid interest every March
Online Access
Withdraw any time
Product Name: Classic Saver
| Account Balance | Gross | AER Variable The gross rate is the interest rate before the deduction of income tax. 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. |
|---|---|---|
| £1 or more | 1.90% | 1.90% |
| Less than £1 | 0.00% | 0.00% |
Interest is worked out daily on your closing balance and is paid annually in March.
We might adjust the interest rate for the Classic Saver account. When you’re about to open your account, we provide you with the Personal Savings Terms and Conditions. In Section 10 of this document, you’ll find the reasons why we might change your interest rate.
One reason is that the Bank of England Base Rate or market rate might change. There could also be other business-related, legal, or rule changes. You can find the Terms and Conditions on our website if you want to read them.
If the interest rate is going to be less helpful for your savings, we’ll inform you in advance. We’ll send you a letter at least 14 days before the change, as long as you have £100 or more in your account.
| Estimate Balance | £1,019.00 |
For a deposit of £1,000, the total after 12 months (1.90% interest for 12 months) would be £1,019.00. This example assumes no changes to the balance of the account or the interest rate within 12 months.
This is an example only and does not reflect a customer’s individual circumstances.
Opening and managing your account
If you wish to switch in to or out of this account, please enquire in a Bank of Ireland UK branch.
Classic Saver offers you the ability to make withdrawals.
You can withdraw or transfer money to/from your account using any of the following methods:
Interest is paid gross.
You can cancel the account within 14 days of opening and your money will be returned in full with interest.
This Summary Box does not include our Terms and Conditions for this product. Please make sure to read the Terms and Conditions below before applying for this product. You can also find the summary box in our Sound financial thinking brochure below.
Your eligible deposits with Bank of Ireland (UK) plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Bank of Ireland UK and Post Office. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please click here for further information or visit www.fscs.org.uk
Getting set up on 365 digital and phone is now easier than ever before.
This is available to customers aged 14 and above.
Get set up in four simple steps:
Step 1
Call us on 03456 006 552. Have your account number to hand.
Step 2
Answer some simple questions relating to you and your account to verify your identity.
Step 3
Set up your PIN. Our agents will tell you how to set up your own unique PIN and will then give you your user ID and register your mobile phone for security codes; this is important for online activities such as setting up and authenticating payees.
Step 4
You can then login to 365online.com or download our mobile app and start banking online straight away!
