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 (0.05% interest for 12 months) is £1,000.50.
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?||
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:
Interest is paid gross.