Farms, Savings and Investment
For further information on any of the products below contact any Bank of Ireland Branch
Medium Term Deposit Products
3-month business bond
This is a three-month bond that combines a competitive fixed rate with the facility to withdraw a quarter of your capital should you need it. It is available for amounts from €25,000 to €325,000 and essentially puts your surplus to work in the longer term, while still allowing you ready access to 25% of your money if an emergency arises.
6-month business bond
This bond, like the last, allows you access to a quarter of your capital whenever you need it. Interest rates are fixed at the beginning of the six-month term and then guaranteed for that period, and this option is available for deposit amounts of €25,000 to €325,000. It puts your surplus to work over a longer period again, while still allowing you 25% access should you need it.
Long Term Investments - Planning the Future
Fixed rate bonds are cash deposits invested for terms of 18 months, two years, three years, four years or six and a half years. The interest rate on a Fixed Rate Bond is agreed when you open the account and is guaranteed for the entire investment period.
You can choose to have your interest paid to you as income on a regular basis. Otherwise, it is added to your account at the end of the term.
Golden Years
Our special service for the over 60s offers free account transactions and a wide range of discount offers. Please advise us if you are 60 years of age or over.
- Free Account Transactions on your personal current account.
- Commission-free bank drafts and gift cheques.
- Financial advice on your savings and investments.
- Special Golden Years customer discounts.
Personal Pension** Plan
Farmers are retiring earlier these days. A pension through Bank of Ireland is the ideal way to provide security and independence for you and your dependants. It's a good idea to start saving for your retirement right now.
Contributing to your own pension now means you'll be able to take a significant amount in a tax-free lump sum on the day you retire. The rest will be paid to you as a regular pension payment, and, subject to certain limits, all contributions to the pension plan can be offset against income tax**, under current legislation.
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**Subject to Revenue limits and conditions.
Share Dealings/Stock Market Investments
Many farmers now hold substantial investments through their co-ops and plc's. Free expert advice and a highly affordable stocks and shares dealing service is available at your local Bank of Ireland branch.
Investment Funds
What is a PIP?
A personal investment plan (PIP) is an excellent way of saving. A PIP invests your savings primarily in the world's major stock markets. The long term potential for growth is excellent.
For further information click here
Further information is available through your local Bank of Ireland branch. For further queries please email us at business.banking@boimail.com or call us on 1890 365 222.