Launched a new 1-year term deposit account for personal customers and increased the rate to 1.25% (January, May & June 2023).To encourage younger savers there is no minimum monthly lodgement required and 16 upwards can open this account (May) As a further incentive, customers will receive a rebate of €100 on a Bank of Ireland home or car insurance.
This offers savers a special fixed rate of 1.5% for the first 12 months up to a limit of €30k, after which it will default to the Standard Regular Saver rate (currently 1%). Launched a new SuperSaver account offering 1.5% for first 12 months and €100 insurance rebate.Increased the rate on Regular Savings accounts to 1% (January & May 2023).Ended the application of negative interest rates to customer accounts (August 2022).The European Central Bank (ECB) has increased the Euro refinance rate by a cumulative 4% since July 2022.
It follows the launch of the Bank’s SuperSaver deposit account with 1.5% rate for the first 12 months and €100 off home or car insurance, now available online and in-branch. This allows both personal and business customers to earn 1.25% on its 1 Year Advantage Fixed Term Deposit & 365 12 Month Fixed Term accounts, without limit. From today, 28 June, Bank of Ireland is increasing its 1 Year Term deposit account rates by a further 0.50%.
