Do you want flexibility in handling your deposits and attractive interest rates? In that case, the notice account is for you.

These are deposit accounts from which you can make withdrawals (part or all of your balance) without charge after giving notice at the specified time (8, 35, 90 or 180 days) that you have chosen.

For example, if you have a 35 Day Notice Account and you know that next month you will need a specific amount, you must give notice at one of our branches 35 days in advance. After the 35 days you may make a withdrawal of part or all of the amount you have stated without any charge.

It is important to know that:

•  If you make a withdrawal from the account without the required notice, you will receive reduced interest.
•  The interest rate is attractive and depends on the notice period you choose.
•  You have the option to have your salary directly credited to the account. 
•  You can have standing orders on your account for payments of loan instalments, insurance premiums etc.
•  You have a direct debits service for the payment of utility bills.
•  You have easy access to your account via the 1bank service (on the Internet or by telephone).
•  The account makes it possible to make deposits without limit as to frequency or deposit amount (which will attract interest rate on the daily balance).
•  There is no expiry date. 

Learn more about the notice account

The following are the answers to the most important questions that are usually asked regarding Notice Accounts: 

1. How is interest calculated?
2. Can I withdraw money without charge and without notice?
3. How do I open a notice account?

1. How is interest calculated?

•  It is calculated on the basis of the withdrawal notice (8, 35, 90 or 180 days) and the daily balance of the account.
•  A contribution of 10% is deducted from the total interest for Defence.
•  The interest rate of the account is likely to vary (up or down) depending on market conditions and the decisions of the Bank.
•  It is credited to your account once every year on 31 December. Immediately afterwards you can cash it after giving the required notice.

2. Can I withdraw money without charge but also without notice?

•  You may make one withdrawal per month of up to €2,000 without notice and without charge.
•  If you are a 1bank subscriber, you can transfer up to € 1,000 a day to another account of your choice free of charge.
•  If you want to have access to your money without notice, you are better off choosing a direct access account or a savings account. These accounts have a lower interest rate than the notice account.

3. How do I open a notice account

With a simple and brief procedure. Before you decide which account suits you, please contact your personal banker in order to choose the account that meets your needs.