Halifax, a division of Bank of Scotland, has introduced a new savings account called Halifax Flexi Saver, which can provides customers with unrestricted access to their savings and a bonus rate of 5.15% AER.
Money saved in the Halifax Flexi Saver is fully accessible and there are no restrictions on deposits, withdrawals or whether transactions are made in the branch, over the phone, by post or on the internet.
According to the Central Bank, there is a total of E44.1 billion earning little interest in demand accounts in Ireland. Based on the above rates, savers could earn an extra E2.05 billion in total in the first year if customers switched from AIB to the Halifax Flexi Saver or an extra E1.87 billion in total for customers switching from Bank of Ireland.
Niamh Lambe, head of retail products at Halifax, said: Halifax Flexi Saver gives customers exactly what they have been looking for, great rates that are usually restricted to online only accounts, and all the access of a high, street deposit account. Whether you are a spender or a saver the Halifax Flexi Saver rewards you all of the time and demonstrates yet again that Halifax always gives customers extra.