Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

10% FTB Mortgage saver account

  • 23-03-2016 5:23pm
    #1
    Laura_A
    Registered Users, Registered Users 2 Posts: 182 ✭✭


    Hi, 

    I wanted to get some answers on the mortgage saver account, tried to get it from the T&C's but couldnt find it.. 

    1) Am I right in thinking that if you have up to 20K saved already you can transfer this and will still get the bonus on it? 

    2) How long must the account be open for and being used to save before you qualify for the bonus? i.e if i set up an account tomorrow lodged a lump sum of 20K and saved another 20K for a year would i be entitled or how long does the account need to be in use for before drawdown? 

    Thanks a million 


Comments

  • #2
    Bank of Ireland: Sharon
    Closed Accounts Posts: 315 ✭✭Bank of Ireland: Sharon


    Laura_A wrote: »
    Hi, 

    I wanted to get some answers on the mortgage saver account, tried to get it from the T&C's but couldnt find it.. 

    1) Am I right in thinking that if you have up to 20K saved already you can transfer this and will still get the bonus on it? 

    2) How long must the account be open for and being used to save before you qualify for the bonus? i.e if i set up an account tomorrow lodged a lump sum of 20K and saved another 20K for a year would i be entitled or how long does the account need to be in use for before drawdown? 

    Thanks a million 
    Hi Laura_A,

    Thanks for getting in touch. 

    You must save into the account for at least six months and without taking anything out of the account for the first six months. 

    If a lump sum (amounts lodged to the account other than by direct debit - up to a total value of €20,000) is lodged to the account within 30 days of opening, it will be added to the highest regular savings balance for inclusion in the 10% Bonus calculation. You can lodge lump sums after 30 days but these lodgements will not be included in calculating the bonus.

    We hope this helps. If you would like to send us your contact number in a private message, we'd be happy to arrange a call back from a qualified advisor who can discuss this further with you?

    To send a private message, click on the link in my signature below. 

    If there's anything else we can help you with, please let us know.

    Thanks,

    Sharon


  • #3
    Laura_A
    Registered Users, Registered Users 2 Posts: 182 ✭✭Laura_A


    That's great thanks Sharon - I will call them today. 


  • #4
    A_Sober_Paddy
    Closed Accounts Posts: 4,221 ✭✭✭A_Sober_Paddy


    How is the 10% bonus applied, is it only applied when applying for a mortgage with bank of Ireland?


  • #5
    Laura_A
    Registered Users, Registered Users 2 Posts: 182 ✭✭Laura_A


    A_Sober_Paddy wrote: »
    How is the 10% bonus applied, is it only applied when applying for a mortgage with bank of Ireland?
    As far as I can tell it is once you draw down the mortgage with BOI within 30 months of opening the savings account 


  • #6
    Bank of Ireland: Elaine
    Closed Accounts Posts: 1,367 ✭✭✭Bank of Ireland: Elaine


    Laura_A wrote: »
    That's great thanks Sharon - I will call them today. 
    You're more than welcome Laura_A, 

    Just to mention, if you'd like us to arrange a call back for you we can. All you need to do is PM us with your name, contact number and the first line of your address. 

    Thanks again and hope you have a lovely Easter. 

    Elaine 


  • Advertisement
  • #7
    Bank of Ireland: Elaine
    Closed Accounts Posts: 1,367 ✭✭✭Bank of Ireland: Elaine


    A_Sober_Paddy wrote: »
    How is the 10% bonus applied, is it only applied when applying for a mortgage with bank of Ireland?
    Hi A_Sober_Paddy, 

    Laura_A is correct, the bonus is applied upon draw down of the First Time Buyer mortgage. You can find more info on this here. 

    Hope this helps and Happy Easter, 
    Elaine 


Advertisement