Classic Saver will suit you if you want easy access to your savings any time you need them.
- The minimum amount you can open an account with is £1
- There is no maximum to the amount you can save
- Interest rates are variable
- Interest is paid annually at the end of March, or the next business day
- Interest is paid gross without the deduction of tax
- No notice period or penalties for withdrawals
You can lodge, withdraw or transfer money to/from your account using any of the following methods:
- At any Bank of Ireland branch in Northern Ireland
- By telephone or using our banking app or 365 service
Classic Saver Terms and Conditions (including Card Terms and Conditions) – If you opened your Classic Saver Account before 1 March 2019 you can view your Savings Terms and Conditions with ATM Card Conditions of Use here.
Classic Saver Terms and Conditions – If you opened your account after 1 March 2019 or were notified about the removal of your ATM Card from your Classic Saver account. If you were notified about the removal of your ATM Card, your new Savings Terms and Conditions are effective from 1 September 2021 and can be found here.
You can apply for the Classic Saver account online. Please read the summary box below before proceeding with your application:
|Account name||Classic Saver|
|What is the interest rate?||
Interest is calculated daily on your closing balance and is paid annually at the end of March or on the next business day.
|Can Bank of Ireland UK change the interest rate?||We have the right to change the interest rate on Classic Saver. The reasons we may change your rate are outlined in Clause 10 of the Personal Savings Terms and Conditions provided prior to account opening. These reasons include reflecting changes to the Bank of England Base Rate or market rates, changes due to legal or regulatory developments, or business reasons. You can also find a copy of the Terms and Conditions on our website.
If we change your interest rate to your disadvantage, we will give you notice in writing a minimum of 14 days before the change takes effect, as long as you have at least £100 in your account.
|What would the estimated balance be after 12 months based on a £1,000 deposit?
This projection is provided for illustrative purposes only and does not take into account a customer’s individual circumstances.
|For a deposit of £1,000, the projected balance after 12 months (1.70% interest for 12 months) is £1,017.00.
This projection is based on the assumption that no further deposits or withdrawals are made during the 12 months.
|How do I open and manage my account?||Eligibility
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.
|Can I withdraw money?||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:
|Additional information||Interest is paid gross.
You can cancel the account within 14 days of opening and your money will be returned in full with interest.