Bank of Ireland are offering an introductory interest rate of 10.5% (10.92% EAR) on offer to new and existing personal current account customers
Customers – new and existing can avail of 10.5% credit interest from the 15th of October 2007 which will apply to cleared credit balances up to a maximum of €1,500.
Bank of Ireland customers will not be required to make a minimum monthly lodgement or maintain a minimum credit balance to qualify. The introductory rate is available to new and existing customers until the 24th of February 2008 after which time it moves to a variable rate of 4.0%
This offer – as good as it sounds – is still bettered by Halifax who offer 10% on current account balances up to 2000 euro – and have no end date for this rate (currently)