Anglo Irish Bank Launches the Highest Paying Demand Account in Ireland

Rate increased to 5.5% gross/AER variable* for balances up to and including €100,000.

(PRWEB) October 1, 2008 -- Anglo Irish Bank launches the highest paying demand account in Ireland

Rate increased to 5.5% gross/AER variable* for balances up to and including €100,000

Anglo Irish Bank today (September 22nd 2008) announced that it is increasing the rate and the eligible balance amount on its Premium Demand Account, with effect from September 29th 2008.

Commenting on the latest saving offerings, Derek Keogh - Head of Personal Savings at Anglo Irish Bank, said:

"We continue to provide savers with excellent returns on their savings, by simply paying the highest rate for a demand account in Ireland. This account, together with our Regular Annual Saver Account and 1 Year Fixed Term accounts offers a range of savings accounts to meet the needs of all savers, and this latest offer further consolidates Anglo Irish Bank as the most progressive and leading provider of consistently competitive savings products in Ireland."

Highlights of the Premium Demand Account

•    Rate is being increased by 0.2%, to 5.5% gross/AER variable (with a minimum ECB +0.5% rate guarantee until 1st January 2009*) and is applied to accounts with balances up to and including €100,000 (up from €20,000).

•    Standard variable rate of 4.5% (with a minimum ECB rate guarantee until 1st January 2009*) applied to accounts with balances greater than €100,000.

•    Full access to funds on demand

Customers interested in availing of these products can contact Anglo Irish Bank on Lo-Call 1850 44 22 22 (8am - 8pm Monday to Friday) , online via www.angloirishbank.ie, or in person at our offices.

For further information:

Derek Keogh

Head of Retail Banking - Ireland

Anglo Irish Bank

Tel: 1850 44 22 22

*Returns are subject to DIRT, currently 20%, where appropriate. From 1st January 2009, the prevailing rate will apply. Telephone calls are recorded. Terms and conditions apply. Anglo Irish Bank Corporation plc is regulated by the Financial Regulator.

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