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If you invest in an Interest Upfront Savings Account, you will not have access to your money for the duration of the term. Interest is paid by Electronic Funds Transfer (16 Days after account set up and receipt of cleared funds by KBC Bank Ireland).
It’s quite simple – you open the account, we pay the interest upfront. The Interest Upfront Savings account offers you the entire interest payment on your lodgement 16 days after account set up and receipt of cleared funds. So, if you’d rather not wait for your interest until the end of the deposit term, this is definitely the savings account for you. What you do with your upfront interest payment is up to you!
Questions we get asked the most about the Interest Upfront Savings Account, answered here
AER means Annual Equivalent Rate and assumes that the interest is paid and not reinvested. Interest is subject to Deposit Interest Retention tax (DIRT). If you invest in this account, you will not have access to your money for the duration of the term. Interest is paid by Electronic Funds Transfer (16 Days after receipt of cleared funds by KBC Bank Ireland). Interest is subject to Deposit Interest Retention Tax (DIRT) where applicable. Rates effective from 03rd June 2014. Terms and conditions apply.
Unless the Bank receives instruction(s) from you on or before the maturity date, the full balance in the account will be reinvested in a similar fixed term product at the prevailing interest rate for that product on that date. If on the maturity date there is no similar fixed term product available, the full balance in the account will be reinvested in our Standard Demand Deposit account earning the then prevailing Standard Demand Deposit Account interest rate.
The deposit calculator allows you to calculate the return or estimate the likely interest amount that you may earn on a deposit account, pay lease note that such quotation is for illustrative and guidance purposes only, is non binding and is subject to change. No quotation or estimate shall be capable of acceptance unless and until KBC Bank Ireland has, on receipt of a deposit account application form and all other necessary documentation, opened a deposit account in the name of the customer and the customer has made a lodgement into the deposit account. The rate of interest applicable to the deposit account shall be advised to the customer on the opening of the deposit account.