Bank of Ireland launches new deposit account

Bank of Ireland has launched a new three-year fixed reward deposit account.

The account delivers a fixed rate of 9% (2.91% EAR), and allows customers to access up to 50% of funds during the term, should they require it.

It is available in branches now for a limited time period and can be activated by a single lodgement of at least €20,000 and up to €1m.

Mark Kelly, Savings Marketing Manager, said: "The latest Central Bank figures for deposits show that Irish savers are placing significantly more cash within longer term cash products compared to the same period a year ago.

"Our two-year Fixed Term Reward Account is hugely popular with customers and we believe this new three-year product is another strong option for customers looking for a dependable interest return in the medium term."

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