Savings Direct Fixed Rate Bond

• Earn a competitive fixed rate of interest for your money

• You can open your account by post only.
• Lodgements can only be made by cheque and transfer from an existing Allied Irish Bank GB account.
• Minimum balance on the account is £5000, maximum balance on the account is £2,000,000.
• Upon Maturity, funds can be returned from this account to a bank account in your name, nominated at account opening.
• This account can only be operated by phone and by post.
• Interest is calculated daily and paid on maturity if a 1 Year Fixed Rate Bond, or on the anniversary of account opening if a 2 Year Fixed Rate Bond.
• Withdrawals and closures before the Maturity date are only permitted in exceptional circumstances and at the discretion of the Bank following receipt of a written signed request. The interest penalty for early withdrawal or closure is based on how long actually remains on the Bond before Maturity:

Less than 1 year remaining = 60 days

Less than 2 years remaining = 90 days

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.