1.1 The "Bank" is the Governor and Company of the Bank of Ireland and its successors, assigns and transferees.

1.2 The "Account" depending on the option chosen by you may be a Term Deposit or a Fixed Rate Bond.

1.3 The "Term" is the duration of the Account.

1.4 The 'Accountholder or you' is the person in whose name the Account is maintained.

2.1 The interest rate applied to the Account is fixed and will be the rate applicable on the day that the initial lodgment is made to the Account and will apply until the maturity date. Details of applicable interest rates are available from Bank of Ireland branches.

2.2 Interest is calculated and accrued each day based on the balance in the Account.

2.3 Accounts are intended to be held for the full Term, subject to the provisions in respect of withdrawals set out in clause 5 below.

2.4 Interest is paid after the deduction of Deposit Interest Retention Tax (DIRT), which is calculated using the prevailing DIRT rate at the time of payment. The current DIRT rate is 25%, but is subject to change.

2.5 Interest is paid at the end of the Term.

3.1 Only cleared balances may be withdrawn. Withdrawals using an ATM card, Standing Order and Direct Debit facilities are not available with these Accounts. Withdrawal conditions for each Account are covered under the relevant Account headings below.

3.2 The Accountholder may make one emergency withdrawal per calendar year without incurring a charge. The maximum amount of the emergency withdrawal shall be €6,300 or 10% of the outstanding balance, whichever is the greater.

3.3 The proceeds of any cheque lodged to an Account may not be withdrawn until the cheque has cleared.

3.4 The then prevailing Demand Deposit Rate and Terms and Conditions will apply to Account balances which fall below the minimum €3,000 (except where the Accountholder has affected a withdrawal in compliance with clause 3.2).

3.5 It is possible to make further withdrawals before the end of the Term subject to a payment to the Bank of an amount calculated as set out below. This amount represents payment for any funding loss incurred by the Bank of replacing the amount withdrawn:

A is the amount withdrawn. If the entire balance of the Account is withdrawn, the payment of an amount representing the loss incurred by the Bank will only apply to the capital.B% is the difference between:

• The cost to the Bank of replacing the funds withdrawn, which is the prevailing market rate of interest for a term that matches/is closest to the number of days remaining in the Term
• The earning rate on the Account at the time of withdrawal expressed in percentage terms

3.6 If an account is debited or credited to your Account in error by the Bank, the Bank may make any necessary correcting entry on your Account without the need for your approval.

4.1 The Accountholder may avail of a "Cooling Off Period". No charge will apply if, within 14 days of the opening date, the Account is closed at the request of the Accountholder. The standard rate of DIRT (currently 25%) will apply.

5.1 The Term of the Account, depending on the option chosen, may be 4, 13, 26 or 52 weeks in length.

5.2 The minimum balance in an Account is €3,000. There is no maximum.

5.3 Interest is paid on the last day of the Term.

5.4 The Accountholder may choose to have interest, which is paid at the end of the Term added to the balance of the Account or lodged to another Bank of Ireland account nominated by the Accountholder.

5.5 The interest rate applied to the Account will be the rate applicable on the day that the initial lodgment is made to the Account and will apply until the maturity date. Details of applicable interest rates are available from Bank of Ireland branches.

5.6 The Accountholder chooses the length of the Term at Account opening or on expiry of a Term.

5.7 The deposit must be made at the beginning of a Term. During a Term, the Bank may at its discretion, accept further lodgments to the Account and in this case, the overall rate of interest on the Account may be adjusted to reflect changes in the market rates.

5.8 Unless the Bank receives instructions from the Accountholder on or before the final day of a Term, another Term of the same length as the expired Term will apply, subject to the same Terms and Conditions as the expired Term and at the then prevailing rate.

5.9 Clause 3.5 above relating to Term Deposits also applies to Fixed Rate Bonds with Terms of 3, 6, 12 or 18 months, or 2,3,4 or 5 years.

6.1 The Term of the Account, depending on the option chosen, may be 3, 6, 12 or 18 months, or 2, 3, 4, or 5 years in length.

6.2 The minimum balance on all Terms is €3,000. There is no maximum.

6.3 The Accountholder may choose to receive interest at regular intervals (monthly, quarterly, half-yearly or annually). If the Accountholder does not choose to receive interest at regular intervals, interest will then be paid at the end of the Term. The overall rate of interest is lower when interest is paid regularly than when interest is paid at the end of the Term.

6.4 The Accountholder may choose to have interest that is paid at the end of the Term added to the balance of the Account or lodged to another Bank of Ireland account nominated by the Accountholder. Interest which is paid at regular intervals during the Term is lodged to another Bank of Ireland account nominated by the Accountholder.

6.5 Unless the Bank receives instructions from the Accountholder on or before the final day of a Term, another Term of the same length as the expired Term will apply, subject to the same Terms and Conditions as the expired Term and at the then prevailing rate.

6.6 The Accountholder may lodge an additional 25% of the original sum invested to the Account within 30 days of the opening date, at the same rate of interest.

7.1 The Term of the Account is 6.5 years in length.

7.2 The minimum balance on the Account is €3,000, there is no maximum.

7.3 The interest rate is the same for all Account balances over €3,000.

7.4 The Interest rate on the Account increases annually on the account opening anniversary.

7.5 In addition to Term and Condition 3.2, it is also possible to make further withdrawals of capital from the 6.5-year Fixed Rate Bond without charge or loss of interest on the amount withdrawn, provided the withdrawal is made on the six-month anniversary of the account opening date. However, if the withdrawal is made outside of the six-month anniversary date, no interest will be earned on the amount withdrawn for the period since the last six-month anniversary and the date of the withdrawal.

7.6 Terms and Conditions 6.3 and 6.4 above relating to Fixed Rate Bond 3-month, 6-month, 12-month, 18-month, 2-year, 3-year, 4-year or 5-year Terms) also apply to Fixed Rate Bonds with 6.5-year Terms.

8.1 To ensure compliance with its obligations under law and regulations concerning the prevention of money laundering and terrorist financing and to comply with taxation requirements, you may be required to produce to us satisfactory evidence as to your identity, current permanent address, the source of the funds lodged or proposed to be lodged to the Account and your PPSN/Tax reference number.

9.1 In order for Non-Resident personal account holders to avail of an exemption from D.I.R.T., a minimum balance of €6,500 must be maintained at all times. Where the account balance falls below the minimum requirement, the Account will be subject to D.I.R.T. The Bank shall advise you in writing in event of this occurrence.

10.1 This agreement is governed by Irish Law and all disputes will be resolved exclusively in the Courts of Ireland.

11.1 The Bank reserves the right to vary these Terms and Conditions if there is any relevant material change in the prevailing legal, tax or regulatory conditions.

11.2 Any reference to legislation or tax in the foregoing Terms and Conditions is accurate as of the time of publication and are subject to change.

The Fixed Rate Bond and Term Deposit Account (the "Account") are offered by the Governor and Company of the Bank of Ireland (the "Bank" or "Bank of Ireland").

The principal business of the Bank is the provision of financial services to customers. The Bank's head office is at 40 Mespil Road, Dublin 4. The registered number of Bank of Ireland in the Companies' Office is C-1 and the Bank's VAT number is IE8Y42002P.

If you wish to contact the Bank in connection with the Account, please write to the Bank of Ireland branch where you opened the Account. Bank of Ireland is regulated by the Financial Regulator.

The financial service being supplied by Bank of Ireland are Fixed Rate Bonds and Term Deposit Accounts. A minimum lodgment of €3,000 is required to open the Account.

After the initial lodgment is made to open the Account no further lodgments are allowed during the term of the Account. The rate of interest applicable to the Account is a fixed rate and will be the rate applicable on the day the initial lodgment is made to the Account and will apply until the last day of the term of the Account.

Full details of the Bank's interest rates are available from any Bank of Ireland branch.

Any monies lodged to the Account are deposited with Bank of Ireland and the Account is subject to the rules of Bank of Ireland. You must lodge a minimum of €3,000 to open the Account. Only cleared balances may be withdrawn. Only one emergency withdrawal of 10% of the cleared Account balance or €6,300 (whichever is the greater) may be made from the Account.

A charge will apply if further withdrawals are made before the end of the term. Details of how this charge is calculated can be found in the terms and conditions of the Account. It is also possible to make further withdrawals of capital from the 6.5-year Fixed Rate Bond without charge or loss of interest on the amount withdrawn, provided the withdrawal is made on the six-month anniversary of the account opening date.

The interest rate applicable to the Account is a fixed rate and the rate of interest you receive will be the rate applicable on the day that the initial lodgment is made to the Account and will apply until the last day of the term.

Details of the Bank's current interest rates are available in any Bank of Ireland branch. Interest is calculated each day based on the balance in the Account using the interest rate applying. Interest is paid at the end of the Term, however there are income options available on some of the longer term Accounts on request.

Interest accruing on the Account shall be paid after the deduction of Deposit Interest Retention Tax ("DIRT"). The current rate of DIRT is 25% but is subject to change. Currently there are no other taxes or charges (apart from the early withdrawal charge outlined above) applying to the Account but this is subject to change - please see the terms and conditions.

You may cancel the Account under the European Communities (Distance Marketing of Consumer Financial Services) Regulations, 2004 (the "Regulations") within 14 days of the opening of the Account by sending a notice in writing to your account opening Bank of Ireland branch. Any credit amount in the Account at the date of cancellation will be returned to you.

You have the option to close the Account early at any time by sending a notice in writing to your account opening branch. A charge may apply for early withdrawal. Details of how this charge is calculated can be found in the terms and conditions of the account. It is possible to close the 6.5-year Fixed Rate Bond without charge provided the closure is made on the six-month anniversary of the account opening date.

The cleared balance of your Account as at the date of closure will be repaid to you together with interest and less any DIRT outstanding and any charges or other liabilities owed to us in respect of your Account.

The Account will be governed by and construed in accordance with the laws of Ireland, and the courts of Ireland shall have exclusive jurisdiction to resolve any disputes in connection with the Account.

The English language will be used for the purpose of interpreting the terms and conditions of the Account and for all communication in connection with the Account.

If you wish to make a complaint you may do so by writing to the Branch of Bank of Ireland where you opened the Account. In the event that you are not satisfied with our response to you, you may make a complaint to the Financial Services Ombudsman by writing to the Financial Services Ombudsman, 3rd Floor, Lincoln House, Lincoln Place, Dublin 2.