Choose the Right Savings Account for You

Create Your Personal Saving Strategy with Bank of Ireland

Creating and maintaining a personal savings strategy is more important now than ever before. Finding the right savings account to fit your budget, resources and spending habits can help you reach your financial goals. Bank of Ireland offers savings options to suit even the most unique financial circumstances, while offering very competitive accounts with the least amount of risk.

High Interest Savings Accounts

The highest interest rates in the market often apply to fixed term deposit accounts where lump sums are invested over longer periods of time.

While accounts with high saving interest rates often look like the best and most attractive offers, they may also have restrictions which mean that you can’t access your money when you want, or a lower rate may apply to the account if you do access your funds. If you are looking for more flexibility or want to access your funds in a shorter timeframe, there may be better options for you. 

Flexible Access to Funds

Make your money work harder by getting a high interest ratewhile also having some level of access to your deposits.  When you want more flexibility for your saving needs, Bank of Ireland has more savings account options like our:

• Notice Accounts – which offer a competitive variable interest rate, no fixed or minimum term requirements, with a minimum deposit of €5,000. To  withdraw funds, you just have to give the appropriate number of days’ written notice.
• CustomSaver Accounts - a regular savings account which allows you to ‘customise’ your savings plan closer to your needs. 14 days notice is required to withdraw funds.

If you don’t have a lump sum to save but you want to get into the habit of putting money aside, Bank of Ireland has a wide range of easy savings options for all savers, no matter how big or small.

Starter Savings Accounts

Starting a savings habit might be the best thing you ever do for yourself and your family.  Not only will saving help you earn interest on your funds, it can also help to keep you out of debt or at least lower your debt liability.  Bank of Ireland offers many ways to begin saving and even more ways to continue saving.

• If you’re looking at buying a car, getting married or going on a lavish holiday, learn more about our Save to Borrow Accounts.
• If you tend to spend surplus income each month because it just happens to be available in your current account, and you want to be more disciplined about saving while still having necessary access to your deposits, try our Demand & Reserve Deposit Account.
• If you're looking for a regular savers account that you can customise to suit your savings needs, our CustomSaver Account might be the one for you. Just remember, unlike a current account, this savings account requires 14 days notice to access funds.

Choosing a savings strategy can be exciting in the beginning.  Being realistic about your ability to save and sticking with your strategy are the keys to success.  Read more Helpful Tips for Saving or call a Bank of Ireland saving advisor for any help you need at 1890 365 254 today.

Use Our Savings Advisors

No matter what your financial goals are, using a Bank of Ireland savings advisor can help you choose the right savings account for your unique financial circumstances.  Call a Bank of Ireland savings advisor now at 1890 365 254 to discuss your savings needs or request a call back today.