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26th June 2007

Improved Rates from Bank of Ireland Offshore

Bank of Ireland (I.O.M.) Limited, in conjunction with its branch Bristol & West International, based in Guernsey, has increased the rates on its Direct Savings Bond.

The Direct Savings Bond, with a minimum investment of £5,000 (or currency equivalent), is a fixed rate bond offering a highly competitive rate of interest with a choice of annual and monthly interest across a range of three popular currencies.

The offer period for the current Issue 86 runs from 26th June 2007 until 24th July 2007 and the rates outlined below are effective from the date accounts are opened until 25th July 2008 inclusive.

	Annual*	Monthly*	AER†
Gross - Sterling	6.15%	5.9832%	6.15%
Gross - Dollar	5.30%	5.1755%	5.30%
Gross - Euros	4.40%	4.3137%	4.40%

Commenting on the launch of this latest issue, David Gilpin, responsible for Marketing and Product Development at Bank of Ireland Offshore, said:

“At Bank of Ireland we are committed to offering a range of competitive products and we are pleased to announce this latest increase in rates paid on our Direct Savings Bond. Since its re-launch earlier last year the product has proved to be popular with investors looking for a highly competitive fixed rate of interest across a range of core currencies.”

*Interest will be paid without the deduction of income tax to all investors resident outside the European Union, however it is the responsibility of individuals to discharge any tax liability they may have.

†AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest were paid and compounded each year. As every advert for a savings product that quotes an interest rate will contain an AER, you will be able to compare more easily what return you can expect from your savings over time. The gross rate payable in respect of the Monthly Option will be calculated at a rate which, when expressed as an AER, will equal the gross rate payable in respect of the Annual Option.