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Mortgage Saver

  • 05-04-2019 11:15am
    #1
    DrSmith23
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hi,

    I am a first time buyer and about to drawdown a mortgage with BOI; my solicitor requested the funds from BOI yesterday. 

    I opened a mortgage saver account with BOI 15 months ago and have met all the t&c's associated with it. I would like to use the amount in the saver account towards the remaining balance of the house purchase price but I was wondering how I go about emptying the saver account without jeopardising the €2,000 bonus interest perk associated with it? 

    So if I were to empty the account to pay the remaining balance, there would no longer be a min €5,000 balance in the account. Just a little confused about when this €2,000 is credited to the mortgage saver account. Ideally, I'd like to be able to transfer all the money out and close the account but do I need to leave it open to receive the interest payment at a later date?

    Thanks 


Comments

  • #2
    Bank of Ireland: John
    Closed Accounts Posts: 204 ✭✭Bank of Ireland: John


    DrSmith23 wrote: »
    Hi,

    I am a first time buyer and about to drawdown a mortgage with BOI; my solicitor requested the funds from BOI yesterday. 

    I opened a mortgage saver account with BOI 15 months ago and have met all the t&c's associated with it. I would like to use the amount in the saver account towards the remaining balance of the house purchase price but I was wondering how I go about emptying the saver account without jeopardising the €2,000 bonus interest perk associated with it? 

    So if I were to empty the account to pay the remaining balance, there would no longer be a min €5,000 balance in the account. Just a little confused about when this €2,000 is credited to the mortgage saver account. Ideally, I'd like to be able to transfer all the money out and close the account but do I need to leave it open to receive the interest payment at a later date?

    Thanks 


    Hi DrSmith23,

    Thank you for contacting us today.

    As your query is quite complex and account specific we would suggest that you call our Mortgage Specialist team on 01 613333 and an advisor can answer these queries in full for you.

    We do understand that the balance still has to be in your Mortgage Saver Account on draw down of the Mortgage but please call to confirm this.

    Many Thanks

    John 


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