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Deposit Accounts
We offer a range of deposit accounts with competitive rates of interest providing a secure place for your savings to grow, giving you reassurance and peace of mind.
Opening a bira finance bank deposit account is a convenient way to save your money. You can save as little or as much as you like and earn variable rates of interest on a day-to-day basis. Withdrawals can be made ‘on demand’ or giving 1 month or 3 months notice. Interest is made-up to the end of March and September each year. This is a simple way to manage your savings, giving you peace of mind that you’ve got something put aside, just in case. Plus, your savings are covered by the Financial Services Compensation Scheme (please refer to their website for more information: http://www.fscs.org.uk/) and see our information sheet here. Payments under the scheme are limited to a maximum payment to any one depositor of £85,000. (With effect from 1st January 2016)
Key features
- £100 to open a general Deposit account.
- £25,000 to open a Fixed Term or 6 month notice account
- On demand, 1 month and 3 month’s notice accounts available (withdrawal notice subject to the banks discretion)
- Six months (185 days) notice and 1 and 2 year fixed-term also offered for new monies (subject to availability).
- Variable/fixed interest rates.
- Interest earned daily.
- Interest paid March and September.
See our Current rates
Application forms and terms and conditions:
Please visit our Applications and terms and conditions page for specific product Terms & Conditions
** All Depositor applications require an original signature. Once completed please print, sign and return via the post.
Financial Service Compensation Scheme
Your savings are covered by the Financial Services Compensation Scheme. Payments under the scheme are limited to a maximum payment to any one depositor of £85,000. Click here for our FSCS document
