Direct saver demand and notice business

1.25%Gross p.a.¹ /AER ²

Account features at a glance:

Choice of On Demand, 30 or 60 day notice
Variable interest rate up to 1.25% Gross p.a¹. /AER²
Operate account via phone or post

Skip Navigation

Rates & Charges

Please note our Direct Saver 30 and Direct Saver 60 products are currently unavailable.

Account type	Effective from	% Gross p.a. ⁽¹⁾	% AER ⁽²⁾	Tier ⁽³⁾	% Net p.a.⁽⁴⁾
Direct Saver Demand Account (annual)	05/02/2010	1.25	1.25	10,000	0.93	See Below
The annual interest rate is guaranteed to be no lower than 0.50% below the European Central Bank Base Rate until further notice. We will notify customers at least six months in advance of any change to this guarantee if the change is to their disadvantage. 1. Interest earned will be subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate (currently 25% with effect from 8 April 2009). This tax will be deducted by us at source and paid in accordance with the applicable legislation. Should you be eligible for the refund of tax, enquiries should be sent to the Revenue Commissioners. 2. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. 3. Minimum investment €1,000 (€10,000 for business savers). Maximum holding with Northern Rock €3,000,000 per investor. Account balances below the minimum investment will receive interest at the prevailing basic savings rate, currently 0.10%. 4. DIRT will automatically be deducted at the standard rate (currently 25% with effect from 8 April 2009) from interest paid/credited to your account, unless you are eligible and have registered to receive interest gross by completing a DIRT Exemption Declaration for each account you hold.. The account is open to permanent Republic of Ireland residents aged 18 or over. Interest rates are variable.
Direct Saver Demand Account (monthly)	05/02/2010	1.00	1.00	10,000	0.75	See Below
The annual interest rate is guaranteed to be no lower than 0.50% below the European Central Bank Base Rate until further notice. We will notify customers at least six months in advance of any change to this guarantee if the change is to their disadvantage. 1. Interest earned will be subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate (currently 25% with effect from 8 April 2009). This tax will be deducted by us at source and paid in accordance with the applicable legislation. Should you be eligible for the refund of tax, enquiries should be sent to the Revenue Commissioners. 2. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. 3. Minimum investment €1,000 (€10,000 for business savers). Maximum holding with Northern Rock €3,000,000 per investor. Account balances below the minimum investment will receive interest at the prevailing basic savings rate, currently 0.10%. 4. DIRT will automatically be deducted at the standard rate (currently 25% with effect from 8 April 2009) from interest paid/credited to your account, unless you are eligible and have registered to receive interest gross by completing a DIRT Exemption Declaration for each account you hold.. The account is open to permanent Republic of Ireland residents aged 18 or over. Interest rates are variable.
Direct Saver 30 Account (annual)	06/01/2010	1.40	1.40	10,000	1.05	See Below
The annual interest rate is guaranteed to be no lower than 0.35% below the European Central Bank Base Rate until further notice. We will notify customers at least six months in advance of any change to this guarantee if the change is to their disadvantage. 1. Interest earned will be subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate (currently 25% with effect from 8 April 2009). This tax will be deducted by us at source and paid in accordance with the applicable legislation. Should you be eligible for the refund of tax, enquiries should be sent to the Revenue Commissioners. 2. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. 3. Minimum investment €1,000 (€10,000 for business savers). Maximum holding with Northern Rock €3,000,000 per investor. Account balances below the minimum investment will receive interest at the prevailing basic savings rate, currently 0.10%. 4. DIRT will automatically be deducted at the standard rate (currently 25% with effect from 8 April 2009) from interest paid/credited to your account, unless you are eligible and have registered to receive interest gross by completing a DIRT Exemption Declaration for each account you hold.. The account is open to permanent Republic of Ireland residents aged 18 or over. Interest rates are variable.
Direct Saver 30 Account (monthly)	06/01/2010	1.15	1.15	10,000	0.86	See Below
The annual interest rate is guaranteed to be no lower than 0.35% below the European Central Bank Base Rate until further notice. We will notify customers at least six months in advance of any change to this guarantee if the change is to their disadvantage. 1. Interest earned will be subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate (currently 25% with effect from 8 April 2009). This tax will be deducted by us at source and paid in accordance with the applicable legislation. Should you be eligible for the refund of tax, enquiries should be sent to the Revenue Commissioners. 2. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. 3. Minimum investment €1,000 (€10,000 for business savers). Maximum holding with Northern Rock €3,000,000 per investor. Account balances below the minimum investment will receive interest at the prevailing basic savings rate, currently 0.10%. 4. DIRT will automatically be deducted at the standard rate (currently 25% with effect from 8 April 2009) from interest paid/credited to your account, unless you are eligible and have registered to receive interest gross by completing a DIRT Exemption Declaration for each account you hold.. The account is open to permanent Republic of Ireland residents aged 18 or over. Interest rates are variable.
Direct Saver 60 Account (annual)	05/02/2010	1.50	1.50	10,000	1.12	See Below
The annual interest rate is guaranteed to be no lower than 0.20% below the European Central Bank Base Rate until further notice. We will notify customers at least six months in advance of any change to this guarantee if the change is to their disadvantage. 1. Interest earned will be subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate (currently 25% with effect from 8 April 2009). This tax will be deducted by us at source and paid in accordance with the applicable legislation. Should you be eligible for the refund of tax, enquiries should be sent to the Revenue Commissioners. 2. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. 3. Minimum investment €1,000 (€10,000 for business savers). Maximum holding with Northern Rock €3,000,000 per investor. Account balances below the minimum investment will receive interest at the prevailing basic savings rate, currently 0.10%. 4. DIRT will automatically be deducted at the standard rate (currently 25% with effect from 8 April 2009) from interest paid/credited to your account, unless you are eligible and have registered to receive interest gross by completing a DIRT Exemption Declaration for each account you hold.. The account is open to permanent Republic of Ireland residents aged 18 or over. Interest rates are variable.
Direct Saver 60 Account (monthly)	05/02/2010	1.25	1.25	10,000	0.93	See Below
The annual interest rate is guaranteed to be no lower than 0.20% below the European Central Bank Base Rate until further notice. We will notify customers at least six months in advance of any change to this guarantee if the change is to their disadvantage. 1. Interest earned will be subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate (currently 25% with effect from 8 April 2009). This tax will be deducted by us at source and paid in accordance with the applicable legislation. Should you be eligible for the refund of tax, enquiries should be sent to the Revenue Commissioners. 2. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year. 3. Minimum investment €1,000 (€10,000 for business savers). Maximum holding with Northern Rock €3,000,000 per investor. Account balances below the minimum investment will receive interest at the prevailing basic savings rate, currently 0.10%. 4. DIRT will automatically be deducted at the standard rate (currently 25% with effect from 8 April 2009) from interest paid/credited to your account, unless you are eligible and have registered to receive interest gross by completing a DIRT Exemption Declaration for each account you hold.. The account is open to permanent Republic of Ireland residents aged 18 or over. Interest rates are variable.

The charges applicable on this account are as follows:

Service	Charge
Withdrawal by cheque (€1,000 minimum)	Free
Withdrawal by electronic transfer - €1,000 minimum	Free
Withdrawal by electronic transfer – same day (€25,000 minimum, and subject to availability)	€25 for each transfer**
Special presentation of a cheque	€6 per cheque
Copy cheque	€6 per cheque
Copy tax certificate	€6 per certificate
Copy statement	€6 per statement

Withdrawal Charges:

Direct Saver Account	No charge**
Direct Saver 30	30 days loss of gross interest on the amount withdrawn
Direct Saver 60	60 days loss of gross interest on the amount withdrawn

All charges have been authorised by the Financial Regulator.

We may increase the amount of the charges for any existing service, introduce new charges or change the way in which you have to pay a charge, only with prior approval from the Financial Regulator.

Your accounts log on

Skip Navigation

next steps

Useful links

Skip Navigation

Need to talk?

Call us on (01) 602 0324*

Mon-Fri 9am-5pm, excluding bank and public holidays.

Calls are charged at your service provider's prevailing rate and may be monitored and recorded.

1. DIRT will automatically be deducted at the standard rate (currently 25%) from interest paid/credited to your account. Limited Companies, Charities, and Occupational Pension Schemes may receive interest gross subject to receipt of required documentation.

2. AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

* Calls are charged at your service provider's prevailing rate and may be monitored and recorded.

** A charge of €25 applies for electronic same day transfers. Alternatively, funds can be transferred via standard electronic transfer without charge, however please allow three business days for funds to reach your nominated bank.

Account balances below the minimum investment will receive interest at the prevailing basic savings rate, currently 0.10%. Accounts can be opened by Limited Companies, Charities, Pension Schemes, Sole Traders and Partnerships. Minimum investment is €10,000. Maximum holding with Northern Rock is €3 million per investor.