Current Accounts, Open24, Savings and ... - Permanent TSB

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9 TERM 30 ACCOUNTSIn addition to the above terms and conditions (whereapplicable), this Condition 9 of the Savings AccountConditions also applies to Term 30 Accounts:(a) The initial investment term is 90 days.(b) On the expiry of the initial term of the Term 30Account, the balance of the Term 30 Account shall, inthe absence of instructions from you, beautomatically reinvested by us for a term of 30 daysat a rate of interest to be decided at our discretionwhich will be confirmed, as soon as practicable afterthe date of reinvestment, to you and the new balancewill continue to be reinvested in 30 day intervalsthereafter at a rate of interest applicable on the dateof reinvestment until such instructions are receivedfrom you to invest otherwise.10 SAVE2BUY/HEADSTART/MORTGAGESAVERACCOUNTSFor the purpose of this Condition 10 "Account" means aSave2Buy, Headstart or MortgageSaver account. Inaddition to the above Savings Account Conditions (whereapplicable), the following terms and conditions apply tothe Account:(a) The cleared balance of the Account (excludinginterest accrued but not credited) must not exceedan amount as determined by us.(b) The Qualifying Period comprises a period of 12consecutive months from the period the account isopened during which you make Specified MonthlyLodgements to the Account.(c) Specified Monthly Lodgement is the amountspecified by you when opening the Account and tobe lodged monthly. We may require a minimumamount to be lodged.(d) You must make the Specified Monthly Lodgement atleast 10 times during the Qualifying Period.(e) You will be permitted to make two withdrawals withinthe Qualifying Period provided each withdrawal shallnot exceed an amount equivalent to 10% of thecleared balance of the Account at the time of thewithdrawal.(f) No more than two persons can hold an Account, butthe Bank reserves the right to review that number.(g) Statements will be issued to you annually and uponthe completion of a statement page of an Account.(h) You will be entitled to claim certain benefits anddiscounts as advertised by us from time to time intaking out a home loan with the Bank (subject tonormal credit criteria, terms and conditions) providedthe foregoing terms and conditions have been fullycomplied with.(j) You are obliged to advise us of all Accounts held withthe Bank when applying for a homeloan to showentitlement to the benefit of the discounts hereunder.(k) The benefits and discounts referred to above applyonly to customers who apply for the home loandirectly through permanent tsb branches.(l) In accordance with the Consumer Credit Act 1995,normal credit criteria applies. Subject to standardterms and conditions. Security is required.(m)Where you fail to comply with any of the foregoingterms and conditions for the Account, yourentitlement to the benefits and discounts referred toabove will, at our discretion, cease and we may eitherclose the Account or transfer the funds into analternative account which may have a lesser interestrate.(n) Housing Loans Under Consumer Credit Act 1995WARNING: YOUR HOME IS AT RISK IF YOU DONOT KEEP UP PAYMENTS ON A MORTGAGE ORANY LOAN SECURED ON IT. YOU MAY HAVE TOPAY CHARGES IF YOU PAY OFF A FIXED RATELOAN EARLY (SEE FIXED RATE LOANS BELOW).INTEREST ONLY: THE ENTIRE AMOUNT YOU HAVEBORROWED WILL STILL BE OUTSTANDING ANDOWED BY YOU AT THE END OF THE INTERESTONLY PERIOD.VARIABLE RATE LOANSWARNING: THE PAYMENT RATES ON THISHOUSING LOAN MAY BE ADJUSTED BY THELENDER FROM TIME TO TIME.ENDOWMENT LOANSWARNING: THERE IS NO GUARANTEE THAT THEPROCEEDS OF THE INSURANCE POLICY WILL BESUFFICIENT TO REPAY THE LOAN IN FULL WHENIT BECOMES DUE FOR REPAYMENT.The early surrender of the Insurance Policy in respect ofyour Endowment Loan may result in a return to youwhich would be less than you have paid in premia orother charges.FIXED RATE LOANSWhenever (i) repayment of a loan in full or part is madeor (ii) with our agreement the loan is switched to avariable rate loan or other fixed rate loan, before expiry ofthe fixed rate period (hereinafter called the “EarlyTermination”), you shall, in addition to all other sumspayable as a condition of and at the time of the EarlyTermination, pay a sum equal to our estimate of the loss(if any) arising from the Early Termination. In thecalculation of the said loss, we shall endeavour to applyin so far as it is fair and practicable, the formulaC=(I-S) x R x (M-T)(i) We shall incur no liability if you do not meet the creditcriteria for eligibility for a home loan.PAGE 31
where C is the charge to compensate for the loss (ifgreater than 0), I is the swap/market fixed interest ratefor the term of the fixed rate period at the date of itscommencement,S is the swap/market interest rate for the remainingfixed period,R is the amount of the fixed rate loan balance paid orswitched at the date of early termination,M is the fixed rate period, andT is the time expired of the fixed rate period at the dateof Early Termination.OTHERInterest will be applied to the outstanding balance of theloan. This balance includes any element of unpaidinterest and charges which will accrue interest and becapitalised to the account.Credit is only available to persons over the age of 18years.11 BONUS INTEREST ACCOUNTWhere no more than two withdrawals (or such othernumber as we may from time to time decide) from theAccount are made in a calendar year (that is, the periodfrom the 1st January, or the initial period from the dateof opening the Account if opened after the 1st January,to the 31st December in the same year) an interestbonus will be paid, calculated as a percentage of theamount representing the average daily balance in theaccount up to the 31st December of each year. Thebonus amount will be credited to the account on the31st December of each year or the first Business Dayafter that date if the 31st December falls on a non-Business Day. The percentage whereby the bonus iscalculated may be varied at our discretion and will beadvised to the account holder in the manner described inCondition 21 of the General Conditions. Where morethan the specified number of withdrawals within theperiod, as specified above, are made, no such bonus willbe credited to the Account.12 21 DAY NOTICE ACCOUNTSIn addition to the above Savings Account Conditions(where applicable and with particular regard to Condition4 of the Savings Account Conditions), the followingconditions apply where the Account is a 21 Day NoticeRegular Savers Account (the "Regular Savers Account")or a 21 Day Notice Investment Account (the "InvestmentAccount"):(a) Where you open a Regular Savers Account, we willpay interest at the Regular Saver Account rateprovided that:(i)You lodge each calendar month an amount, notexceeding a maximum amount ("the MaximumMonthly Amount") as specified by us from timeto time (or over such other period as we mayspecify in which circumstance "MaximumMonthly Amount" will be deemed to mean"Maximum Periodic Amount") and,(ii)You comply with the account balancerequirements at Condition 12(b) of the SavingsAccount Conditions below and,(iii) Your monthly lodgement(s) (or such other periodas we may specify) to the account do notexceed the Maximum Monthly Amount. If at anytime a lodgement exceeds the MaximumMonthly Amount or is made in a period longerthan one calendar month from the date of theprevious lodgement, we reserve the right totransfer the balance in the account and anyfurther lodgements (irrespective of whether suchfurther lodgements comply with this condition asto amount and/or to the period of lodgement) toa demand deposit account with the Bank andthe terms and conditions and the rate payable,thereafter, in respect of such balance andlodgements will be those applicable to thisdemand deposit account. We will notify you inthe event that such transfer takes place.(b) Where the Account balance in the Regular SaversAccount or in the Investment Account (excludinginterest accrued but not credited) exceeds theaccount balance amount, set by us from time to time,to avail of the Regular Savers Account rate orInvestment Account rate, as appropriate, then aninterest rate lower than the Regular Savers Accountrate or the Investment Account rate will automaticallyapply to the entire balance in the Account suchinterest rate to be at our discretion. It is a matter foryou to ensure that the Account balance does notexceed this set amount in order to avail of theRegular Savers Account rate or Investment Accountrate, whichever is applicable. Where the Accountbalance amount set by us for either Account type hasbeen exceeded, we will notify you, on the firstoccasion only that, such balance has been exceeded.You may reduce the Account balance to on or belowthe set amount so as to avail of the Regular SaversAccount interest rate or the Investment Accountinterest rate whichever applies to the Account.(c) The Maximum Monthly Amount, the Regular SaversAccount rate, the Investment Account rate, the setbalance amount to avail of the Regular SaversAccount and the Investment Account rates and thelower rate referred to in Condition 12(b) of theSavings Account Conditions above will be displayedin the branches of the Bank and on our Website andmay be varied from time to time.(d) You may open only one Regular Savers Account andone Investment Account in their own name or jointlywith another or others.13 SAFARI SAVER ACCOUNTSIn addition to the above Savings Accounts Conditions(where applicable) the following conditions apply wherethe Account is a Safari Saver Account.(a) Where you open a Safari Saver Account, we will payinterest at the Safari Saver Account rate provided theAccount balance (excluding interest accrued but notcredited) does not exceed the account balanceamount, set by us from time to time, to avail of thePAGE 32
Page 1 and 2: Terms and ConditionsEffective from
Page 3 and 4: When using your card at an ATM, be
Page 5 and 6: ‘General Conditions’ means thos
Page 7 and 8: Life & Permanent Group are obliged
Page 9 and 10: payment instruction or the relevant
Page 11 and 12: (u) Where Standing Orders are retur
Page 13 and 14: 20 CLOSURE:(a) We can close your Ac
Page 15 and 16: We will refund to you, within 10 Bu
Page 17 and 18: (d) In the case of a lodgement in a
Page 19 and 20: will convert the Student Current Ac
Page 21 and 22: (v)have satisfied any applicable au
Page 23 and 24: (b) The User may terminate the use
Page 25 and 26: form or because they may not be the
Page 27 and 28: would have been in had the transact
Page 29 and 30: D(iv) The Cardholder takes reasonab
Page 31: given. The charge will be applied a
Page 35 and 36: To register for interest on your Sw

Current Accounts, Open24, Savings and ... - Permanent TSB

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