Premium Demand Account (Rep. of Ireland only)

The product information below relates to accounts that were not transferred to Allied Irish Banks p.l.c. (under a Transfer Order dated 24 February 2011). Irish Bank Resolution Corporation Limited is no longer opening deposit accounts for new deposit customers.

Key Features

• Rate of 3.10% Gross/AER variable (with a minimum ECB +0.5% rate guarantee until 1st January 2011) is applied to accounts with balances from €1 up to and including €100,000 (after 1st January 2011, the prevailing rate will apply)
• Standard variable rate of 2.80% Gross/AER(with a minimum ECB rate guarantee until 1st January 2011) applied to accounts with balances greater than €100,000, up to a maximum of €1,000,000 (after 1st January 2011, the prevailing rate will apply)
• Addition of interest may bring the balance over €100,000 resulting in a lower rate of 2.80% Gross/AER Variable applying to the entire amount
• No notice required for withdrawals

Account Information

• Interest accrues daily
• Interest credited to the account annually on last working day of December each year

Terms and Conditions

Gross Returns are subject to DIRT (currently 27%), where appropriate. Terms and Conditions apply. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. The addition of interest may bring the balance above €100,000 resulting in the lower rate being applied to the account.