KBC Bank Ireland launches competitive savings products
22 November 2010
KBC Bank Ireland launches competitive savings products
Monday 22nd November 2010: KBC Bank Irealnd has launched a new savings offering on the Irish market response to the increased demand for savings products from Irish consumers.
“We are offering savers the peace of mind that comes with knowing that their money is on deposit with KBC Bank Ireland which is owned by KBC Bank NV, one of Europe’s leading Banks serving over 12 million customers worldwide”, said Christine Moran, Executive Director, KBC Bank Ireland.
“KBC Bank Irealnd has been in Ireland for over 35 years and has a strong presence in the mortgage and business market with over 65,000 mortgage customers. We are committed to expanding our retail offering in Ireland and we believe that Irish savers will welcome the opportunity to place their savings in a secure bank offering a competitive return. Money placed on deposit with KBC Bank Ireland will support lending by the Bank in Ireland”, she said.
A minimum deposit of €25,000 is required for personal savings. The deposit rates on offer for personal savers are as follows:
|
Term |
Fixed Gross Rate |
AER |
|
3 months |
3.00% |
3.03% |
|
6 months |
3.25% |
3.28% |
|
9 months |
3.50% |
3.51% |
For further information call KBC’s personal deposit team on 01 664 6666 or visit www.kbc.ie
Press contacts:
Laurie Mannix / Julie Dilger, MKC Communications 01 703 8600
Note to Editor:
KBC Bank Ireland is a member of the Deposit Guarantee scheme which is administered by the Central Bank and funded by European Central Bank. The maximum amount payable to any depositor is 100 per cent of the aggregate deposits held with us subject to a maximum compensation of €100,000 per individual. Minimum Deposit €25,000, Maximum €1,500,000. Personal Funds Only. Terms and Conditions apply. The gross rate of interest is the interest rate payable before any Deposit Interest Retention Tax (DIRT) is deducted. This is currently charged at 25%. Gross interest rate quoted is on a 360 day basis. The term Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compounded each year. Interest is paid at the end of the term. Any withdrawals made prior to the maturity date will result in a breakage charge for the customer equivalent to any funding loss incurred by KBC Bank Ireland. Rates quoted are correct as at 22nd November 2010 and subject to availability. KBC Bank Ireland plc is regulated by the Central Bank of Ireland. Registered in the Republic of Ireland. Number 40537. Registered Office: Sandwith Street, Dublin 2, Ireland.
About KBC Bank Ireland:
KBC Bank Ireland is regulated by the Central Bank of Ireland. KBC Bank Ireland plc is a wholly owned subsidiary of KBC Group NV, an integrated bancassurance organisation headquartered in Brussels, catering mainly for retail customers, small and medium-sized enterprises and private banking clientele. KBC Bank Ireland holds leading positions in its key markets of Belgium and Central Europe as well as a selective presence in the rest of the world. KBC Bank Ireland has a strong presence in Ireland where it has been operating for over 35 years providing lending and investment services. KBC Bank Ireland provides services to new and existing mortgage customers in Ireland under the trading name ‘KBC Homeloans’. Headquartered in Dublin, KBC Bank Ireland has regional offices in Belfast, Cork, Galway and Limerick. Further information is available at: www.kbc.ie
