Features & Benefits
- The minimum balance is £10,000.
- You can add funds at any time. There is no maximum to the amount you can save.
- Easy access to your money.
- No limits, notices or charges for withdrawals.
- The interest rate is variable. The rate of interest on your account will be agreed with you when you open your account.
- Interest is worked out daily. It is paid half yearly or at a frequency agreed with you at account opening.
- Interest is paid gross. This means that we do not deduct tax from the interest earned.
- Access your account online through our online banking channels.*
- You don’t have to open or maintain a business current account with us in order to open the deposit account.
* Separate Terms and Conditions apply to Business On Line.
Make the most of your business deposits
You should review your savings accounts regularly to make sure they are still right for you.
To find out about our current interest rates, please contact your local Branch or Business Team.
FSCS Protection
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 Money and savings accounts under the AA Savings brand provided by Bank of Ireland UK. Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please read this leaflet for further information or visit www.fscs.org.uk