Instant access deposit accounts
An instant access deposit account allows you to access your deposit account instantly. You can earn a competitive deposit interest rate on surplus funds. With instant access you have unlimited access to your acount, there is no minimum or maximum investment balance required and also has variable and competitive interest rates.
Fixed Term deposit accounts
At certain times you may find that you have large quantities of money to desposit. A fixed term desposit account could be the choice for you, it offers a wide range of benefits to you and can be set up very easily. It offers security, flexibility, convenience and a fixed rate of interest.
You have security in knowing that your savings are earning a fixed interest rate. You have flexibility with the wide range of investment periods availble to suit your needs. Some banks offer to have your interest paid to your account, a different account or by cheque at your convenience.
Minimum investment varys between banks but is required with no maximum amount.
Flexi Deposit Account
A flexi deposit account allows you to have instant access to a portion of your savings with no penalty charges being applied. It offers interest at fixed rates over the period of your investment which is chosen by you. During the term some banks allow up to 50% withdrawl from your savings without penalties.
The benefits for you is that you will be able to decide how long you would like to save your money for, interest is paid annually and you can have the interest paid to a different account if you wish, you have the security in knowing that your savings are earning a fixed rate of interest and you can also receive statements annually or when you require one.
Currency deposit accounts
Some banks offer a currency deposit account which allows you to make and receive foreign currency payments. You do not have to change the funds into euros. It helps to eliminate foreign exchange conversion costs and allow you to earn interest on surplus funds.
Currency deposit accounts are open to personal and business customers. It covers all major currencies and no cash lodgement or withdrawls are permitted. Some banks may offer joint accounts but the number of account holders may vary.