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Bank of Ireland Child Save Account

No
minimum
term

€1

Minimum balance

0.25%

AER
(variable)

  • Child Saver
  • Lump sum saver
  • Regular saver
Account Details

About the Account:

  • Regular deposits are not required.
  • No minimum term
  • You can save any amount, as often as you like. A Bank of Ireland Young Savers Account is suitable for parents and guardians who want to open a savings account for a child, to make payments into on their behalf.
  • Flexible deposit amounts are permitted
  • Credited quarterly.
  • No introductory offers are available.
  • Joint Account not available.
  • No ATM card.

Restrictions & Charges:

  • This is a standalone account, you do not require a separate payment account from Bank of Ireland.
  • Minimum age of the account holder is 7 years.
  • Maximum age of the account holder is 12 years.
  • Minimum balance is €1.
  • Maximum balance is €10,000.
  • Interest payments are subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate, currently 41%.
  • Bank of Ireland Young Savers Account holders are exempt from all account maintenance and transaction fees on their Bank of Ireland Savers Account. Other service charges may apply.
  • No fees or charges are levied.
  • The Bank of Ireland Young Savers Account is open to children between the ages of 7 and 12 years. Children can choose to save on a regular basis or use the account for putting away occasional gifts of cash from events like a birthday or special occasion.
Summary

0.25%

AER
(variable)

Bank of Ireland Child Save Account

Instant access to your savings.

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