SureCertificate Account

SureCertificate Account

SureCertificate Account

Any Irish Mammy will tell you that “You can’t have your cake and eat it.” And yes, usually that is the case when it comes to deposit interest accounts – you can either choose easy access to your cash or higher interest rates with no access to your cash.

But the EBS SureCertificate Account provides a high interest rate alongside flexible access to your money.

Read more below, or why not request a call back from your local savings expert? They’ll answer any query you have or meet you for a relaxed chat about your options.

Benefits of a SureCertificate Account

  • At the end of your term, you can withdraw your funds if you need, or you can choose to continue on, for another fixed period. The interest rate applied will be the prevailing rate at that time. If you do not confirm your intentions with regard to the Account prior to each Maturity date these conditions will continue to apply to your savings for a further 4-year period at the prevailing rate.
  • There is no limit to the number of accounts that you can open.
  • No maintenance or transaction fees apply (but there may be other service charges). For details see EBS Fees and Charges.

Features of a SureCertificate Account

  • There is a minimum opening lodgement of €1,000 and there is no maximum.
  • No further lodgements are allowed during the term.
  • This is a 4 year fixed term account with access to your funds. By making withdrawals on the 6-month anniversary dates you can ensure that you do not incur a loss of accrued interest. You will incur some loss of interest if you make a withdrawal outside of the six-month anniversary dates. An example of how the interest penalty is calculated is shown below.
  • The Interest rate is fixed calculated daily and is credited at the end of the term or on account closure. The interest is payable only in respect of each completed period of six months. If funds are withdrawn prior to the completion of a particular six-month interest period, i.e. before the next 6-month anniversary, then no interest is paid in respect of any withdrawal since the last 6-month anniversary.
  • This account is for personal customers only and can be opened in sole or joint names.
  • Please note: If a withdrawal is made from the account at any date before the end of the 4-year term, the interest earned will be less than if the investment had been left intact for the full term.
  • Check out our SureCertificate Account Rates, and see the full Terms & Conditions for the SureCertificate Account here.
Please note both General & Specific Terms & Conditions apply to this account

Can I get access to my money during the 4-year term?

  • Yes, you can, but there may be an interest penalty if you do! Here is an illustration of how that interest penalty is calculated.
  • Picture this: you would like to withdraw €5,000 from your Sure Certificate Account. Your last six monthly anniversary on the account was the 4th of April and it is now 15th June. The rate changed to 2.75%** on 4th April.

The following will apply: Withdrawal Amount x Interest Rate / 365 days x number of days since last 6 monthly rate increase increment:

€5,000 x 2.75% / 365 days x by 72 days (total days from 4th April - 15th June) = €27.12(gross)

**The fixed rate used in the calculation is indicative, and has been chosen for illustrative purposes only.  

Important / Regulatory Notice

Important information: Account terms & conditions apply. Interest is subject to Deposit Interest Retention Tax (D.I.R.T.) at the prevailing rate (for more information see www.revenue.ie).