Bank of Ireland recently launched a 2 year savings account – with a first year fixed rate of 3% and a second year fixed rate of 6%. They have called it the “Double your Interest Account”
That works out at an interest rate of 4.5% AER taken over the two years.
AT the moment that is the best rate for a 2 year fixed rate in Ireland .
The initial launch had a closing date of April 27th – but they have announced a 3rd phase which is open for applications until June 29th 2011.
You must deposit between €20,000 and €1 million – and these funds must not be currently held within the Bank of Ireland Group.
After year one, interest will be paid and you can withdraw some or all of your money. Any funds left within the account will automatically move into a second 1 year fixed term with a fixed interest rate of 6% EAR
See Other Deposit Interest Rates