Bank of Scotland (Ireland) has launched two new Notice Deposit Accounts – a 30 Day and a 90 Day Account – offering competitive rates to investors.

Key features of the new products are the aforementioned 30 Day Notice Account, with a rate of 5.00% (5.09% AER), 90 Day Notice Account with its rate of 5.25% (5.35% AER), with the minimum opening balance for both accounts set at €25,000. There is no maximum balance.

Rates for both accounts are variable and are guaranteed to at least equal the ECB rate until July 1, 2009. Interest is accrued daily on the closing balance and is paid quarterly on 30th March, 30th June, 30th September and 30th December. Any interest earned on personal deposits is subject to DIRT.

For the 30 Day Account, notice of 30 days is required if customers require a withdrawal, similarly with the 90 Day Account, it is 90 days notice. Opening an account and transacting business can be done by phone or post, or through Bank of Scotland (Ireland's) intermediary network. Commenting on the launch of these products, Joe McGovern, Regional Manager, Cork, said, "We have a long history of providing customers, whether they are individuals or businesses, with competitive investment options and these new products are no different. Being part of such a strong deposit-taking bank such as HBOS has always enabled us to offer a secure and rewarding home for customers' money".

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