BoS to offer high-interest savings

BANK of Scotland Ireland has launched its assault on the retail banking market by offering savers the highest interest-paying deposit account in the country.

The bank, which will today open its first branches in Dublin and Limerick, said regular savers can open a monthly deposit account offering 3.75% - 0.5% higher than the best rate currently available.

The account is the first of six new products due to be launched by the bank.