What is the interest rate on Bank of Ireland Instant Access Demand Account?
Bank of Ireland Instant Access Demand Account pays 0.1% AER. After 33% DIRT tax, the effective rate is 0.07%.
Bank of Ireland Instant Access Demand Account
0.1% AER - Instant Access savings account from Bank of Ireland. 0.07% after 33% DIRT tax.
Account Details
- Interest Rate: 0.1% AER (0.07% after DIRT)
- Account Type: Instant Access
- Access: Instant access - withdraw anytime
- Minimum Deposit: €1
- Maximum Deposit: No maximum
- Deposit Protection: Irish DGS
- Provider: Bank of Ireland
Notes: Instant access deposit account. Requires BOI current account for online functionality.
Interest Calculator
Estimated annual interest at 0.1% AER:
- €1,000 → €1.00 gross (€0.67 after DIRT)
- €5,000 → €5.00 gross (€3.35 after DIRT)
- €10,000 → €10.00 gross (€6.70 after DIRT)
Use our savings calculator for detailed projections.
About Bank of Ireland
One of Ireland's largest banks.
Website: https://www.bankofireland.com/
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Frequently Asked Questions
Is my money protected with Bank of Ireland?
Yes, deposits are protected under Irish DGS. This covers up to €100,000 per person per institution.
How do I open this account?
Visit Bank of Ireland's website or branch to apply. You'll typically need ID and proof of address.
Do I have to pay tax on the interest?
Yes, interest is subject to 33% DIRT (Deposit Interest Retention Tax). Check with the provider whether DIRT is automatically deducted.
More Information
- Compare all savings accounts: https://smartsaver.ie/savings
- All Bank of Ireland accounts: https://smartsaver.ie/savings/provider/boi
- Savings calculator: https://smartsaver.ie/savings/tools/savings-growth
- Bank of Ireland website: https://www.bankofireland.com/