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Bank of Ireland offer esavings account

Bank of Ireland offer esavings account

Category: Savings

Updated: 04/03/2009
First Published: 03/03/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Bank of Ireland (NI)has launched a 12 month fixed term internet and telephone operated account for Northern Ireland residents.

This product requires a minimum investment of £2K, for which consumers are afforded an attractive rate of 4.10% on maturity, although the fact that it has to be new funds to the bank may limit its appeal.

Clients must also be sure that they can commit the funds because, as with all bonds, there is no flexibility for withdrawals or additions.

Nevertheless, this latest offering from the Bank of Ireland leads the way in the one year bond arena and earns four out of five Moneyfacts stars.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.