| Gross Rate | Gross Rate | AER | |
| Excluding Bonus | Including Bonus | ||
| £500 | 3.40% | 3.40% | 3.40% |
| Application Criteria | ||||
| Existing Customer Only | no | No | ||
| Minimum Initial Investment | £500 | The minimum investment is £500. | ||
| Minimum Age | 0 years | The minimum age to open this account is 0 years. Applicants below the age of 16 require an adult representative. | ||
| Open to UK Residents | yes | This product is available to UK residents. | ||
| Introductory Rates | ||||
| Introductory Bonus | 0% | No introductory bonus payable. | ||
| Rates | ||||
| Rate Type | fixed | The type of interest rate is fixed. | ||
| Account Term | 60 months | 60months. | ||
| Headline Interest Rate | 3.40% | The headline interest rate is 3.40% AER. | ||
| Rate Tiers | no | Gross Rate Gross Rate AER Excluding BonusIncluding Bonus £500 3.40% 3.40%3.40% ...expand | ||
| Tax Free | no | This account is not tax free. | ||
| Fixed Interest Rate | yes | The interest rate is fixed. | ||
| Interest Payment Frequency | maturity | Interest is paid upon maturity. | ||
| Fixed Rate Period | 5 years | The interest rate is fixed for 5 years months. | ||
| Fixed Term | 5 years | The interest rate is fixed for 5 years. | ||
| Step-Up Bond | no | The interest rate does not increase at fixed intervals | ||
| Account Access | ||||
| Account Type | Term | Term | ||
| Opened Online | yes | Account can be opened via the internet. | ||
| Online Access | no | Transactions cannot be made via the internet. | ||
| Opened at Branch | yes | Account can be opened at a branch. | ||
| Branch Access | no | Transactions cannot be made at a branch. | ||
| Opened by Phone | yes | Account can be opened by telephone. | ||
| Phone Access | no | Transactions cannot be made by telephone. | ||
| Opened by Post | yes | Account can be opened by post. | ||
| Postal Access | no | Transactions cannot be made by post. | ||
| Closure Before Maturity | no | Closure is not permitted before maturity. | ||
| Penalty or Notice on Account Closure | no | Closure is not permitted before maturity. | ||
| Account Management | ||||
| Minimum Balance | £500 | The minimum balance is £500. | ||
| Additional Deposits | no | Additional deposits are not permitted. | ||
| Withdrawal Conditions | yes | Withdrawal Conditions - No withdrawals permitted during term. | ||
| Transferred on Maturity | maturity account | Funds will be transferred to the Maturity Account if no instructions received. | ||
| Additional Information | provided by Bank of Ireland | This account is provided by Bank of Ireland. | ||
