The Islander Select Fixed Account from Bank of Ireland is a fixed term 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.

Key Features

• 1 Year fixed term account with attractive rates of interest
• Available in three currencies
• Invest from £50,000 up to a maximum of £1,000,000, or currency equivalent
• The fixed term of the account starts from the time that cleared funds are received
• No additional funds may be added to the account
• Interest is calculated from the date that your account opens to the end of the fixed term
• Two penalty-free withdrawals are permitted during the fixed term provided that the minimum balance of £50,000 is maintained at all times, and withdrawals are permitted at maturity. No breakage charges will be levied on withdrawals, however, a transfer charge may be applicable if the funds are to be paid away electronically.*

# Gross rates are fixed. Interest will be paid without the deduction of income tax to all depositors, unless the depositor is a resident of the European Union and has opted for Retention Tax. 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.

How to Open an Islander Select Fixed Account

Applying for the Islander Select Fixed Account is easy-

1. Complete the Individual & Joint Accounts application form.
2. Retain the Terms and Conditions for your further information.
3. Return the application form, together with the required documentation, to:
   Bank of Ireland, PO Box 246, Christian Road, Douglas, Isle of Man IM99 1XF, or call into our office on Christian Road

Specific Terms & Conditions

In addition to the Specific Terms & Conditions below, please refer to our General Terms In addition to the Specific Terms & Conditions below, please refer to our General Terms & Conditions and the Important Notes set out overleaf. The Specific Terms & Conditions applying to the Islander Select Fixed Account Issue 5 are:

• The minimum deposit is £50,000 or currency equivalent
• The maximum deposit is £1,000,000 or currency equivalent
• On opening your account you must choose a maturity payment option. On the day of maturity and in the absence of such instructions the deposit will be renewed for the same term at the Bank’s prevailing interest rate.*
• For the monthly interest option, the interest will be paid on the last working day of each month or the next available working day until maturity. Interest cannot be added to the account and must be paid to another Bank of Ireland account or any other account requested.*

* Charges may apply for electronic payments and third party cheques. Please refer to the Schedule of Charges.