This is an instant access savings account from the Bank of Ireland UK that comes with an ATM card.
A minimum initial investment of only £1 is required to open the account. There is no maximum investment. Funds can be added at anytime.
Unlimited withdrawal of funds is allowed with no penalties/fees, notice or loss of interest.
Interest is paid on the account annually at the end of March although the current rate is very low which is to be expected. Very few savings accounts from any banking institution in the UK provide a reasonable rate of interest at the moment.
Deposits, withdrawals and transfers can be made at any branch of the Bank of Ireland UK or by using their telephone or online banking service. The bank also offers a children’s account and several fixed term deposit accounts.
Bank of Ireland (UK) plc is a subsidiary of the Bank of Ireland and is regulated by the FSA. All of their branches are situated in Northern Ireland.
The bank offers all the usual personal and business banking services.
What the Bank of Ireland UK Classic Saver Savings Account offers:
- Minimum opening balance of only £1.
- Unlimited deposits
- Unlimited free withdrawal of funds.
- AYM card provided.
- Can be operated online, in branch or by phone.
- Only available in Northern Ireland.