Bank of Ireland raises its one and two year deposit rates
Bank of Ireland has today announced two new fixed-term deposit accounts with higher rates and flexible features and with no limit on the savings balance and interest paid on the full balance.
Must be a response to the prevalence of new saving's account options now around. Good to see. Wonder how long it will remain.
"New two-year fixed-term deposit account with a rate of 3%, an increase of 1% on its current two-year fixed-term deposit rates (5.98% return over full 2-year term).
There is no upward cap on the savings balance, with interest paid on the full balance and customers can also access up to 25% during the term.
It is also introducing a new one-year fixed-term deposit account with a rate of 2.5%, an increase of 0.5% on its current one-year rate."