Competitive notice interest rates, plus the flexibility and access you need.
With a Savings Direct 7 Day Notice Account from Allied Irish Bank (GB), you can earn a competitive variable interest rate. This account is available to our personal customers only and can be operated by phone and by post.
If you currently have a Savings Direct 7 Day Notice Account with Allied Irish Bank (GB), you have the opportunity to switch your funds (minimum of £5,000) to a Savings Direct Fixed Rate Bond.
Withdrawal Amount x Interest Rate x Notice Days Not Served/ 36,500
Example: You wish to withdraw £1000 from your Savings Direct 7 Day Notice Account on which you have not served any notice. The variable interest rate on your account, on the day of withdrawal, is 1.15%. (The variable rate used in the calculation is indicative, and has been chosen for illustrative purposes only). The following Breach of Notice Cost would apply:
£1000 x 1.15 x 7/36,500 = £0.22
From 6 April 2016 - Credit interest on all accounts will be paid gross (under new legislation tax will not be deducted when credit interest is paid). If your credit interest is more than your personal Savings Allowance you may still have to pay tax. Please see www.gov.uk for information on the Personal Savings Allowance or speak to a tax advisor.
Please call us for further information, as this product is currently unavailable to new and existing customers. Call +(0)345 455 22 22† if from the UK or +44 (0) 203675 1437† if calling from oversees to talk to our Customer Service Team. We’ll be happy to answer any questions you might have about Savings and Deposits with Allied Irish Bank (GB).
† Lines open: 9am to 5pm Monday - Friday (excluding Bank Holidays). Calls may be recorded. Call charges may vary - refer to your service provider.
The HMRC is responsible for the collection of taxes and duties in the UK.