Bank of Ireland has this week added two new savings accounts to its deposit suite. The new Dualsaver product is a ‘2 in 1’ account that uniquely manages regular savings and lump sum deposits within a single account. In addition, the 18 Month Reward Account delivers a fixed 18 month rate commitment to customers looking to deposit surplus cash and receive a defined rate return over the term.

Dualsaver Account Features:

Regular Savings:

  • 5% EAR variable on regular savings up to €5,000
  • Save monthly by Direct Debit (minimum €100, Maximum €500)

Lump Sum Deposits:

  • 1.75% EAR variable on lump sums
  • Lodge up to a total of €20,000 a year to the account

To withdraw funds from the account just provide 7 days notice

18 Month Reward Account Features:

  • Single Lodgement Only
  • Earn a fixed rate of 4% (2.65% EAR) over the fixed term
  • Minimum lodgement is €10,000 Max Lodgement is €1,000,000

As the deposit market becomes more sophisticated, these two new products offer customers additional choice for both regular savings and lump sum deposits. Speaking about the new products, Mark Kelly, Marketing Manager for Savings, Bank of Ireland said “Bank of Ireland has a full suite of deposit products to suit every type of savings need. Our Dualsaver product is ideal for customers that have a specific savings goal in mind. It provides customers with the convenience of a single account and solid returns for both regular and lump sum saving. The 18 Month Reward Account will suit customers that are happy to trade access flexibility for a solid rate return of 4% over 18 months. As European interest rates continue to drop, both of these accounts offer real value to customers at a time when saving has become a priority.”

Bank of Ireland has experienced savings & investment advisors in each of its 280 branches nationwide. For more information on both of these products drop into your local branch, call 1890 365 254 or visit

Ends 9th March 2009

For reference

Sharon McDonnell
Group Consumer Communications Manager
Bank of Ireland
Tel: 01 604 3750
Mob: 087 2269324