Savings Account - make the most of your money

How do I start earning interest?

1. Open your Ivobank Account now and you'll instantly move into our Gold loyalty tier.
2. Register an external bank account, credit or debit card to fund your account.
3. Transfer funds from your eWallet to your Savings Account.

Ivobank interest rates

Loyalty Tier	£		€		CAD $
	AER	Gross p.a.	AER	Gross p.a.	AER	Gross p.a.
Gold	4.00%	3.93%	3.25%	3.20%	2.00%	1.98%
Silver	3.75%	3.69%	3.00%	2.96%	1.75%	1.74%
Bronze	3.50%	3.45%	2.75%	2.72%	1.50%	1.49%

Annual Equivalent Rate (AER) illustrates what the interest rate would be if interest was paid and compounded once a year. The Gross p.a. is the contractual rate of interest (expressed as a percentage per annum) payable before the deduction of income tax at the rate specified by law.

Cash deposited into your Ivobank Savings Account will earn interest from the following business day. Interest is calculated according to your Ivobank loyalty tier. Rates are subject to variation. Interest is calculated daily based on: (a) the applicable annual equivalent interest rate (AER); and (b) the balance held in your Ivobank Savings Account at the end of each day. Interest is paid into your Ivobank Savings Account each calendar month on the business day we issue your Ivobank online statement.

The interest rates shown are correct as of 30 October 2008.