Key features of a 6 Month Fixed Rate Savings Account
Our Fixed Rate Savings Account is right for you if:
- You want a guaranteed rate of return
- You want to lock your money away for a period
- You want to be able to choose annual or monthly interest payments.
Our Fixed Rate Savings Account is a simple way to get a guaranteed rate of return from your savings.
To start saving immediately you can open an account with as little as €3,000.
If your account does not meet your needs or expectations and you inform us in writing within two weeks of opening it, we will refund your money in full to source with no loss of interest.
Warning: Early closure of the account will result in a 90 day interest charge on the total balance. If the amount of interest accrued is less than this amount, the difference will be deducted from the balance on closure.
Key features:
- 6 month term
- Enjoy the security of a guaranteed rate of return
- Choose between monthly or annual interest
- You can open more than one Fixed Rate Savings Account, with a maximum lodgement of €2 million for each account
- Your online security is protected with our Internet Security Promise.
The rates and terms offered are only available for limited periods and may be withdrawn at any time. Partial withdrawals from your account before the end of the fixed term are not allowed. Early closure is subject to an interest charge.
The term Annual Equivalent Rate (AER) means that we have calculated the interest rate that you would receive for a full year. This enables you to compare savings interest rates on a like-for-like basis.
Summary
Key features are outlined below, but please refer to the Terms and Conditions for further information.
Interest rates | Competitive rates of interest . The interest rate is fixed for the term of the account. |
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Term | 6 months. |
Operating your account | You can operate your account by post, telephone and by our Internet Banking service. Registration is required to use Telebanking and our Internet Banking services. |
Lodgements | You cannot add funds to the account once the initial lodgement has been made. However, you can open additional accounts. |
Withdrawals |
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Maturity | At the end of the term you will be provided with your maturity options, including re-investment or withdrawal of funds to another account. |
Minimum balance | €3,000 |
Maximum balance | €2,000,000 |
Minimum Age | 18 years |
Interest options | At Maturity interest - paid at the end of the account term. Monthly interest - capitalised on the last working day of each calendar month. |
Cooling Off Period | If your account does not meet your needs or expectations and you inform us in writing within two weeks of opening it, we will refund your money in full to source with no loss of interest. |
Choosing your Fixed Rate Savings Account and your interest options
Choosing your account and interest option couldn't be easier. You choose your account type, interest payment frequency, and the associated interest rate from your application form. The following steps show you where on the form to indicate what you require.
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Account Type: In Section 1 of the application form, select the 6 month Fixed Rate Savings Account.
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Interest payment options: In Section 4A of the application form, tick either "Monthly" to get the interest on a monthly basis or "At Maturity" to get the interest at the maturity of the account.