Advantage Deposit Account

At particular times in your life you may find that you have a sum of money you can put away. It could be a lump sum received through inheritance, retirement or even from savings built up over the years. One option for such a lump sum deposit is a Fixed Term Deposit Account. It offers security for your money with a fixed rate of interest.

Features and Benefits

What you need to know to take Advantage…

Features of the Advantage Deposit account

  • Term(s) available: 12 Month (52 Weeks)
  • Fixed rate of interest. Annual Equivalent Rates (AER) are quoted based on a 365 day calendar year
  • Interest is subject to Deposit Interest Retention Tax at the prevailing rate
  • Interest paid at the maturity of the account
  • Single lodgement only
  • Minimum lodgement €5,000, maximum lodgement €1,000,000
  • No withdrawals permitted during the term
  • Available to new and existing funds to the Bank of Ireland Group
  • Available to open in branch

We will contact you before the end of the term to advise you of your maturity date and invite you to discuss your savings options with one of our Advisers. At the end of the term, if we have not received instructions from you, the full balance in the account will be re-deposited in our Variable Rate Call account at the prevailing variable interest rate.

To find out more about the product, download our information sheet.

Ways we can help