What interest rate does the Bank of Ireland UK Classic Saver pay?

The Bank of Ireland UK Classic Saver pays 1.45% AER variable.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £145 at 1.45% AER. This assumes the rate stays the same and interest stays in the account.

Who can open this account?

New and existing Bank of Ireland UK customers can open it. You can open it online, in branch, in the app or by phone.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other easy access accounts?

At 1.45% AER it ranks 162nd of 194 easy access accounts we track. The best pays 5.50% and the average is 2.86%.

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Easy Access

Bank of Ireland UK Classic Saver Review

An easy access account from Bank of Ireland UK. It ranks 162nd of 194 easy access accounts we track.

Rate checked Oct 2026Got this account? Leave a review

Variable rate

1.45%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£1

Max balance

No limit

Access

Instant

Interest paid

Yearly

How It Stacks Up

Ranks 162nd of 194

Easy access accounts we track

Well below average

This account 1.45%

UK CPI (Aug 2026): 3.10%; Pays 1.65% less
Average easy access: 2.86%; Pays 1.41% less
Best easy access: 5.50%; Pays 4.05% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

A better-paying alternative

Tembo

HomeSaver

4.55%

AER

Pays 3.10% more than this Bank of Ireland account
Instant access, open with £10

Compare Easy Access Accounts

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A Good Fit For

Pro: New and existing savers
Pro: Savers who want instant access

Worth Weighing Up

Con: The rate is variable, so it can go down

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Estimated returns with Bank of Ireland UK's Easy Access

What you could earn with Bank of Ireland UK's Classic Saver.

Estimated interest

£1,000 saved

£14.50

At 1.45% AER

£5,000 saved

£72.50

At 1.45% AER

£10,000 saved

£145

At 1.45% AER

£50,000 saved

£725

At 1.45% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

2 alternatives to Bank of Ireland UK's Classic Saver3 alternatives to Bank of Ireland UK's Classic Saver

Same type of account, closest on rate.

Common questions about the Classic Saver

DepositScout Alerts

Example alert

Easy Access rate just dropped

A top provider just cut their rate. Here's what you need to know about the latest market shift.

Example Easy Access Saver Rate Down

4.20% AER

4.75%

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Bank of Ireland UK Classic Saver Review

How It Stacks Up

A Good Fit For

Worth Weighing Up

Estimated returns with Bank of Ireland UK's Easy Access

2 alternatives to Bank of Ireland UK's Classic Saver3 alternatives to Bank of Ireland UK's Classic Saver

Common questions about the Classic Saver

What interest rate does the Bank of Ireland UK Classic Saver pay?

How much interest could I earn?

How much can I pay in?

Can I withdraw my money?

When is interest paid?

Who can open this account?

Is my money protected?

How does it compare with other easy access accounts?

Easy Access rate just dropped

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