1.35% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. variableA variable rate of interest can go up or down throughout the lifetime of a savings account.
Our Instant Saver, offers a great savings rate that includes a 1.25% grossGross rates are variable and do not take into account deductions of income tax. fixed bonus for the first 12 months.
Key benefits
- Quick and easy access: online, in branch or by phone, ATM or post
- Open with just £500: then save regularly to build up your balance if you want to
- Unlimited free withdrawals: enjoy access that works around you
Instant Saver is provided by Bank of Ireland UK
How it works
Before applying check you’re eligible. Our Instant Saver is open to anyone aged 11 or over, and a UK resident for tax purposes. Aged between 11 and 15? You’ll need an adult who is either a parent, grandparent or legal guardian to sign your application and provide documents to verify your name and address.
Start saving with just £500, after that you can deposit from just £1 all the way up to the maximum balance of £1 million.
Make deposits in branch (by cash or cheque), by post (cheques only) or from an account of your choice using your bank’s online/phone banking services. If you want to save regularly, you can set up a standing order from your current account to your Instant Saver.
Withdraw savings in branch, online, by phone or post. Or, use your cash card at any one of 60,000 LINK ATMs nationwide (a balance of £500 must remain in the account).
Earn interest at 1.35% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. variableA variable rate of interest can go up or down throughout the lifetime of a savings account. for the first 12 months. This rate includes a 1.25% grossGross rates are variable and do not take into account deductions of income tax. fixed bonus for 12 months from account opening. After 12 months the rate reverts to the underlying rate of 0.10% grossGross rates are variable and do not take into account deductions of income tax./AERAER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year. .. Interest is paid annually in March. No interest is paid on balances below £500.
Is this account right for you?
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Your savings are protected by the Financial Services Compensation Scheme. Find out how your savings are protected
Definitions
0800: Calls to 0800 numbers are normally free from UK landlines but charges may apply from mobile phones. Calls may be monitored or recorded for training and compliance purposes.
0845: Call costs may vary depending on your service provider. Calls may be monitored or recorded for training and compliance purposes.
AER: AER stands for Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded once each year.
Gross: Gross rates are variable and do not take into account deductions of income tax.
Nominated account: A nominated account is a current account that we link to your savings account so that you can transfer money between accounts safely and securely whenever you like. It should be a UK personal bank or building society account in your name(s) that accepts Direct Debits.
Prevailing rate: The current rate of interest.
Tax-efficient: Return will be free of income tax and capital gains tax. benefits from your savings.
Variable: A variable rate of interest can go up or down throughout the lifetime of a savings account.
