Bank of Ireland ups rate on 12-month term deposit account

Bank of Ireland raises rate on savings account in move seen as response to neobanks

Bank of Ireland is hiking one of its savings rates in a move that is seen as a response to the increasing competitive pressure from neobanks.

Bank of Ireland ups rate on 12-month term deposit account

Bank of Ireland is raising the interest rate on its 12-month fixed-term deposit by 0.4%.

Bank of Ireland raises interest rate on 12-month term deposit by 0.4%

Bank of Ireland is raising the interest rate on its 12-month fixed-term deposit account by 0.4%. Effective Thursday (16 April), the AER on the 12-month Advantage fixed-term deposit account will be 2.15%, up from 1.74% previously. Existing fixed-term deposit account holders will continue to earn interest at their original rate until the end of their term. All Advantage Fixed Term Deposit accounts, whether six, 12 or 18 months, allow customers to …