Apply for an Online Saver account
|Post Office Online Saver Issue 57|
|What is the interest rate?||Annual Interest option||Monthly Interest option|
|Interest rate without bonus||0.20% Gross / AER Variable||Interest rate without bonus||0.19% Gross / 0.20% AER Variable|
|Interest rate with bonus (includes a bonus of 0.40% gross for 12 months)||0.60% Gross / AER Variable||Interest rate with bonus (includes a bonus of 0.39% gross for 12 months)||0.59% Gross / 0.60% AER Variable|
|Annual interest, calculated daily, will be paid annually between the 20th and 25th March.||Monthly interest, calculated daily, will be paid on the first business day of each month.|
|Can Bank of Ireland UK change the interest rate?||
Yes. We have the right to change the interest rate on your account. The reasons we may change your rate are outlined in Section10 ‘Changes to your account’ of the general savings terms and conditions.
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.
|What would the estimated balance be based on a £1,000 deposit?||
After 12 months
|After 24 months
Projection based on annual interest option with interest paid into the Online Saver account (compound interest). The projection is provided for illustrative purposes only and does not take into account your individual circumstances.
These assumptions are based on a £1,000 deposit with no further deposits or withdrawals during the 12 months of the projection.
|How do I open and manage my account?||
Opening and managing your account
If you wish to switch into this or out to another product, please select the ‘Online Products’ link on your online banking page, www.postoffice.co.uk/savings or go into your local branch.
|Can I withdraw money?||
Online Saver offers you the ability to make unlimited no-notice withdrawals without any penalty.
|Additional information||Interest is paid gross without tax deducted.|
To view a downloadable version of the summary box, click here.