Great News for Irish Savers as Anglo Irish Bank Launches New 'Reward' Savings Account

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Anglo Irish Bank unveils the Easy Access Reward Account, aimed at savers who want more from their money and the ability to access it at short notice.

The Easy Access Reward Account is the second new 'Reward' savings product to be launched by Anglo Irish Bank. It is aimed at the typical Irish saver, who is simply looking for more from their money with some access. As this account can be opened with as little as €1, we expect a broad spectrum of Irish savers to be very interested in the new offering.

The 'Easy Access Reward Account' is the latest innovative personal savings product from Anglo Irish Bank.

This new offering aims to meet the needs of savers not only by providing a generous and competitive rate but also by allowing the saver to withdraw funds twice in the Reward period* if needed unexpectedly - thereby rewarding the saver for long term savings.

The main customer benefits of the Easy Access Reward savings account are:

  • Earn 3.2% Gross/AER (Rate comprises a Reward rate of 2.2% gross/AER fixed payable for the Reward period and a Standard Rate of 1% gross/AER variable for the lifetime of the deposit)
  • Make up to two withdrawals in the Reward period and receive 3.2% Gross/AER. A third withdrawal in the Reward period will result in the Standard rate being applied to the entire balance for the entire term
  • Minimum balance €1 and maximum balance €100,000 applies
  • No notice required for withdrawals
  • Unlimited number of lodgments are allowed
  • Easy application process by phone, post & online through the Bank's website

This is a further example of Anglo's ongoing commitment to providing value to those looking for best rate savings. The Bank has been in the savings market for almost two decades, focusing on simple and consistently competitive savings accounts, while ensuring its customers have access to a personalised telephone service - Monday to Friday, 8am to 8pm on call-save 1850 44 22 22†.

Derek Keogh, Head of Personal Savings at Anglo Irish Bank, said: "The Easy Access Reward Account is the second new 'Reward' savings product to be launched by Anglo Irish Bank. It is aimed at the typical Irish saver, who is simply looking for more from their money with some access. As this account can be opened with as little as €1, we expect a broad spectrum of Irish savers to be very interested in the new offering."

*Reward period is the initial 12 months from account opening for which the Reward rate is payable if withdrawal limit is not exceeded.
†Telephone calls are recorded.

Note to editors:
In December 2009, Anglo Irish Bank launched its first 'reward' account, the Fixed Term Reward Account. The main customer benefits of the Fixed Term Reward Account are that it pays up to 3.5 % gross/AER fixed for the one-year term (comprises a Reward interest rate of 2.5% gross/AER fixed and the standard rate of 1% gross/AER fixed) on deposits between €1 and €1,000,000. No withdrawals allowed. (A withdrawal will result in the Standard interest rate of 1% gross/AER fixed being applied to the entire balance for the entire term. The remaining balance will transfer to an Easy Access Account).

For further information:

Derek Keogh
Head of Personal Savings
Anglo Irish Bank
Tel: 01 6162894
Mobile: 086 8190460

Rates are correct as at 29th April 2010. Returns are subject to DIRT (currently 25%) where applicable. Terms and conditions apply. Anglo Irish Bank Corporation Limited is regulated by the Financial Regulator.

Anglo Irish Bank provides business lending, treasury, personal savings and private banking services to our customers across locations in Ireland, the UK, Germany, Austria, the Isle of Man, Jersey and the USA.

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Derek Keogh
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