To open and manage an Instant Saver account, you'll need to have a UK bank or building society current account in your name(s) linked to it. You can start with just £100, after that you can deposit from between £1 all the way up to the maximum balance of £1 million. To view a downloadable version of the summary box, click here.īefore downloading our application form, please read a copy of our full terms and conditions. You can cancel the account within 14 days of opening and your money will be returned in full with any interest. Interest is paid gross without tax deducted. Postal or telephone withdrawals can be made by cheque or into your linked bank account.Unlimited withdrawal requests can be made in writing or up to £50k over the phone.You can withdraw up to £1000 a day via a Post Office branch or ATM.Instant Saver offers you the ability to make unlimited no-notice withdrawals without any penalty. If you wish to switch into this or out to another product, please select the ‘Online Products’ link on your online banking page or visit your local branch. The maximum balance of the account is £1 million.Minimum balance to open the account is £100.You manage your account in branch, by phone, post or online.You can apply for an account in branch or by post.If you are aged 11 – 15, the account can only be opened by an Adult representative on your behalf.This doesn’t include the Channel Islands and the Isle of Man. To apply you must be a UK resident and resident in the UK for tax purposes.These assumptions are based on a £1,000 deposit with no further deposits or withdrawals during the 12 months of the projection. The projection is provided for illustrative purposes only and does not take into account your individual circumstances. Projection based on annual interest option with interest paid into the Instant Saver account (compound interest). What would the estimated balance based on a £1,000 deposit? If we change your interest rate to your disadvantage, we will give you notice in writing a minimum of 14 days before the change takes effect, as long as you have at least £100 in your account. The reasons we may change your rate are outlined in Section 10 of the general savings terms and Conditions. We have the right to change the interest rate on your account. Interest rate including bonus (includes a bonus of 1.82% gross)Īnnual interest, calculated daily, will be paid annually between 20th and 25th MarchĬan Bank of Ireland UK change the interest rate? Key product information for our Instant Saver savings account
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