Savings

Our Fixed Rate Accounts (with withdrawal facility) offer a choice of terms of 1 Year, 14 Months, 18 Months and 3 Years. These accounts offer access of up to 25% of your funds during the term.

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Terms and Conditions Apply.

AER means Annual Equivalent Rate and shows what the interest rate would be if the interest was compounded and paid each year (instead of monthly or over any other period).

Interest is subject to Deposit Interest Retention Tax (DIRT) where applicable. Interest is paid at the end of the term. Interest is calculated on a 360 day basis but paid on 365 day basis. Rates effective from 10th May 2012.

Broken Funding Charge
In the case of a withdrawal, outside the agreed withdrawal limit, the following will apply: Any withdrawals from a Fixed Rate Deposit Account (with withdrawal facility) prior to the maturity date of the term will result in a breakage charge for the Customer equal to any funding loss incurred by the Bank. This breakage cost will be calculated using the following standard formula: A x B % x C. Where: A - is the amount withdrawn; B % - is the difference between the prevailing market Interest rate for a term that coincides or is closest to the number of days remaining in the term, and the Interest rate on the Fixed Rate Deposit Account (with withdrawal facility); and C - is the number of days remaining in the term, then divided by 360 or 365 for Euro and Sterling respectively.

On any future maturity date your deposit will roll into a Standard Demand Deposit Account which will receive KBC Bank Ireland plc’s then prevailing rate for that account, (unless instructions are received on or before the maturity date), until otherwise instructed by you.

Click here to view Personal Deposit Terms and Conditions

*If you make a withdrawal from the account before the end of the term, the amount of interest earned will be less than if the deposit had been left intact for the full duration of the term.

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