BOI - Double your interest Deposit account

I was contacted today by BOI about a double your interest deposit account. 3% for year 1 and 6% for year 2.
Does anyone have any additional information?
Does it look like you'd actually get the 3 & 5% or are there stringent terms and conditions. I'm not the best at looking at these.

Plenty of threads on this product, like this one http://www.askaboutmoney.com/showthread.php?t=153173

Rate is 4.5%, your money is locked in an Irish bank for 2 years which may not be advisable given the uncertain outlook.

CiaranT said:

Plenty of threads on this product, like this one http://www.askaboutmoney.com/showthread.php?t=153173

Rate is 4.5%, your money is locked in an Irish bank for 2 years which may not be advisable given the uncertain outlook.

Click to expand...

Ciaran, can you explain what you mean, I assume you mean we may default, how would this effect someone who has there money locked in a bank account like this
Thanks
Reg