1. Any questions?
2. Telephone Banking
3. How do I switch money from my previous deposit account to open an Anglo Irish Bank Fixed Rate Bond?
4. Does the interest rate change? How does it affect my lump sum?
5. How is interest calculated and when is it credited to my Fixed Rate Bond?
6. Am I entitled to receive tax-free interest on my Fixed Rate Bond?
7. Can I make additional deposits to my Fixed Rate Bond after opening the Bond?
8. Can I make withdrawals after opening my Bond?
9. If the interest accrued in your Bond is not sufficient to cover this charge, the balance of the withdrawal penalty deduction will be taken from your lump sum?
10. Why do I need to provide so much identification documentation?
11. How can I change any of the original details supplied on my application form?
12. How can I change the details of the account that I use to make electronic transfers to and from my Anglo Irish Bank Fixed Rate Bond?
13. Can I set up a Power of Attorney or act as a third party for a depositor with Anglo Irish Bank?
14. How can I contact you??
1. Any questions?
Naturally, you may have specific questions about our Fixed Rate Bonds. We hope you'll find the answers here.
If you need more information or want to discuss anything in more detail, please call a member of our Personal Deposit Team on 08454 55 22 22. Or you can email us at [email protected] .
We'll be happy to help.
2. Telephone Banking
Our telephone banking service is safe and secure, but you can take steps to ensure that no one gains access to your financial information.
If you phone us you will be asked to identify yourself using random characters from your memorable password. However if we phone you we will never ask you for your security details i.e. your memorable password. NEVER reveal this information to anyone who contacts you. Instead, please call our Personal Deposit Team on 08454 55 22 22.
3. How do I switch money from my previous deposit account to open an Anglo Irish Bank Fixed Rate Bond?
The first thing to do is contact your current bank and give them notice (if required) that you wish to make a withdrawal. Then, follow steps 1 - 4 under "Opening your bond". If you have any further questions contact our Personal Deposit Team.
4. Does the interest rate change? How does it affect my lump sum?
The interest rate on this Bond is fixed at the beginning of the term and will apply for the full term of the Bond. This will ensure that you always know what return you are earning on your lump sum.
5. How is interest calculated and when is it credited to my Fixed Rate Bond?
Interest is calculated on a daily basis on the cleared balance in your Bond and the interest is added to the Bond on its first anniversary and every year thereafter until maturity.
6. Am I entitled to receive tax-free interest on my Fixed Rate Bond?
If you are a taxpayer, tax at the lower rate is already deducted from your interest. If your application is in a sole name, and you are exempt from paying tax on your interest, you must fully complete and return an Inland Revenue R85 form. If your application is in joint names, and you are both exempt from paying tax on your interest, you must each fully complete and return an individual Inland Revenue R85 form.
If your application is in joint names, but only one party is exempt from paying tax on your interest, we can pay part of your interest net and part gross, providing the exempt party has fully completed and returned an Inland Revenue R85 form.
If you have several Bonds or other accounts with us, you will need to complete an Inland Revenue R85 form for each Bond or account.
Inland Revenue R85 tax forms are available from the Inland Revenue website or by phoning our Personal Deposit Team on 08454 55 22 22.
7. Can I make additional deposits to my Fixed Rate Bond after opening the Bond?
No additional deposits are allowed after opening the Bond. If you would like to find out more about opening additional Bonds please contact us.
8. Can I make withdrawals after opening my Bond?
If you need to withdraw some or all of your savings from the Bond, for example in the event of an emergency, an early withdrawal penalty will be charged. This is based on the period of time remaining between the date of the required withdrawal and the maturity date of the Bond, and is calculated as follows:
| Period remaining to maturity |
Less than 1 year |
Less than 2 years |
Less than 3 years |
Less than 4 years |
Less than 5 years |
| Interest deduction for early withdrawal |
60 days interest |
90 days interest |
120 days interest |
150 days interest |
180 days interest |
9. If the interest accrued in your Bond is not sufficient to cover this charge, the balance of the withdrawal penalty deduction will be taken from your lump sum.?
The following is an example of an early withdrawal penalty:
- The original Bond was for a 5 Year Term opened on 1 January 2003 for £500,000
- A withdrawal was required for emergencies on 1 July 2005 for £100,000
- The penalty would be calculated based on 120 days interest as there is 2.5 years remaining on £100,000 - the amount withdrawn multiplied by the interest rate on your Bond.
10. Why do I need to provide so much identification documentation?
The UK has strict codes of banking conduct to help prevent fraud and money laundering. We need the proofs of identity that we ask you to provide so that we can confirm you are who you say you are and to comply with the legal requirements.
11. How can I change any of the original details supplied on my application form?
Simply inform us in writing and supply us with updated identification documentation. For example, should you change your residential address, please provide two original and recently dated documents stating your new address.
Please note that for a change of address we will confirm this information after receipt, by writing to you at both your old and new address, to ensure the security of your account.
12. How can I change the details of the account that I use to make electronic transfers to and from my Anglo Irish Bank Fixed Rate Bond?
Simply inform us in writing of your new account details and supply us with an original statement from this account, dated within the last three months.
This account must be in the name of the Anglo Irish Bank Fixed Rate Bond holder.
13. Can I set up a Power of Attorney or act as a third party for a depositor with Anglo Irish Bank?
Yes. All we require are fully certified forms of identity (passport and driving licence) and address identification documents for the acting Attorney or Trustee. We also need to see two types of address identification for the individual(s) on whose behalf you are acting.
You will also need to provide us with a certified copy of the Power of Attorney Contract or Trust Deed authorising those individuals to act on behalf of the individual(s).
If the account holder is unable to provide address verification documents, we require an official letter confirming their current address and the period at that address e.g., a letter from a nursing home or hospital.
14. How can I contact you?
- By telephone, you can talk to a member of our Personal Deposit Team on 08454 55 22 22 (8am - 8pm, Monday - Friday, excluding bank holidays in England and Wales)
- By email, you can email us at [email protected]
-
By post, you can write to us at:
Anglo Irish Bank,
FREEPOST LON21430,
London,
EC2B 2QB.
(Postage is not required).
If you have any other queries please contact our Personal Deposit Team on 08454 55 22 22 (8am - 8pm, Monday to Friday, excluding bank holidays in England and Wales) or email us at [email protected]
We'll deal promptly with any of your service or transactional enquiries.
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