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13th July 2009

Bank of Ireland Offshore launches Islander Select Fixed Account

Bank of Ireland Offshore has announced the launch of the Islander Select Fixed Account - Issue 1.

The Islander Select Fixed Account from Bank of Ireland is a fixed rate account offering competitive rates of interest for one year, available exclusively to new customers who are residents of the Channel Islands or the Isle of Man.

The account is available in three currencies, Sterling, US Dollar, and Euro, and has the option of monthly interest. Customers can invest from £50,000 up to a maximum of £1,000,000, or currency equivalent. This account features a breakage facility whereby withdrawals are permitted during the fixed term subject to minimum balance requirements. Each withdrawal will incur an administration fee of £100 plus the cost that will be incurred by the Bank to break the deposit. A nominal transfer charge will be applicable if the funds are to be paid away electronically.

The current rates for the Islander Select Fixed Account are:

	Annual Interest (gross*)	Monthly Interest (gross*)	AER†
Sterling	3.25%	3.2026%	3.25%
US Dollar	3.00%	2.9595%	3.00%
Euro	3.00%	2.9595%	3.00%

Michael McKay, Managing Director for Bank of Ireland Offshore, said:
"We are pleased to offer an attractive fixed rate product to local residents in the Isle of Man and Channel Islands. From our office in the Isle of Man, we provide a highly personalised and efficient service, backed by the financial strength and international experience of the Bank of Ireland Group."