BoI, who are one of the few banks not to publish legacy product deposit rates on their website, have slashed the rates on many of these accounts.
Full list of rates that have been cut:
BoI constantly create new deposit products, reduce the rates on legacy products and then don't publish the legacy rates on their website. Hence, be very carefull with the 'durability' of rates offered on new BoI products.
Full list of rates that have been cut:
- 21 Day set notice down to 0.50% for amounts under 50,000 EUR. BoI paid over 3.00% for this account in recent times.
- 30 Day set notice account down to 1.75%.
- 40 day set notice account down to 0.75%.
- 365 30 day notice account down to 2.00%.
- 365 Monthly Saver down to 2.95% for amounts under 10,000 EUR.
- AccessPlus Issue 1 down to 1.75%.
- AccessPlus Issue 2 down to 1.75%.
- AccessPlus Issue 3 down to 1.75%.
- AccessPlus Issue 4 down to 1.75%.
- DualSaver down to 2.25%.
- CustomSaver down to 2.75% and 1.00% for lump sums.
- Save to Borrow down to 2.75%.
- One Year Bonus Issue 1 down to 0.20%.
- One Year Bonus Issue 2 down to 0.45%.
- EasySaver down to 1.75%.
BoI constantly create new deposit products, reduce the rates on legacy products and then don't publish the legacy rates on their website. Hence, be very carefull with the 'durability' of rates offered on new BoI products.