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— FAMILY SAVINGS —
Get into the habit of regular saving
Saving money can seem like a big mountain to climb for a lot of people. But the good news is you don't have to give up everything you love. Turning savings into an overall habit, day-to-day, is a sure-fire way to achieve your plans. Whether you're saving for a new car, wedding, holiday, or a new home deposit, putting a little money aside each month is a great way to see your savings grow.
— AT A GLANCE —
What we offer
Save regularly
Our family savings account lets you put a little away on a regular basis – from €100 to €1,000 a month that can be made by standing order from any payment account
Daily interest
We calculate interest on the account balance each day and we’ll put it into your account at the end of the term
Withdrawals
You can take money out of your account only once during each term
Opening an account
You can open an account with only €0.01, up to a maximum of €1,000
No maintenance or transaction fees
No maintenance or transaction fees apply (but there may be other service charges). EBS Fees and Charges (PDF, 1 page, 43KB)
What you need to know
This account is for personal customers.
You can open only one account in your name, but you can also be named as the second holder on one joint account.
The minimum term of the account is one year, and you can take money out once during each term.
The interest rates are fixed, we calculate interest on the account balance each day and we’ll put it into your account at the end of the term.
In the first year, you will earn a fixed interest rate on the lodgement made when opening the account and on your monthly payments of €100 to €1,000.
After the first year of savings, the account interest rate will change to a lower fixed interest rate, and you can top up your account with up to €50,000 per year in addition to your monthly payments of €100 to €1,000.
You can check out our current Family Savings Account Rates.
You can see the full terms and conditions for the Family Savings Account (PDF, 13 pages, 649KB).
— FAQ —
Got some questions?
Find answers to some of the frequently asked questions
You can open a Family Savings account at any EBS office. By bringing the documents we need with you, you’ll save time and have your new account opened in no time. Whether you are a new or existing EBS customer, to open a new savings account you will be asked to provide:
Personal identification documentation – such as a valid passport or valid driver’s licence, this needs to be an original, not a copy.
Proof of your permanent address – for example, a current utility bill, dated within the last six months (e.g. gas, ESB, landline phone), bank statement, motor or home insurance renewal document. Again, documents need to be originals.
Proof of your Personal Public Service (PPS) number.
The minimum term of the account is one year. At the end of the one-year term, you can withdraw part or all your money, or continue to save for another one-year term. If you don’t let us know what you’d like to do before each maturity date, these conditions will continue for a further 12-month period at the prevailing fixed rate.
Need more support?
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 the Revenue website. This is a rolling one-year fixed term savings account. You will be advised of the rate on your Confirmation Letter at account opening and following commencement of each subsequent term.