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Direct Silver Savings

1.66%AER 2

Account features at a glance:

  • Exclusive savings account for over 50s
  • Variable interest rate up to 1.65% Gross p.a1. / 1.66% AER2
  • Operated by phone or post

Rates & Charges

Account
type		Effective from% Gross p.a. (1)% AER (2)Tier (3)% Net p.a.(4) 
Direct Silver Savings (monthly)05/02/20101.651.661,0001.23See Below
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. Balances that fall below the minimum opening balance of €1,000 will receive interest at the prevailing basic savings rate, currently 0.10% gross per annum.
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..

Interest rates are variable.

The charges applicable on this account are as follows:

ServiceCharge
Withdrawal by cheque (€500 minimum)Free
Withdrawal by electronic transfer (€500 minimum)Free
Withdrawal by electronic transfer – Same Day (€25,000 minimum, and subject to availability)€25 for each transfer**
Special presentation
of a cheque		Free
Copy chequeFree
Copy tax certificateFree
Copy statementFree

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.

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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, unless you are eligible and have registered to receive interest gross by completing a DIRT Exemption Declaration for each account you hold.

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.

© Northern Rock plc. 2010