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

Safari Saver Account rate. Where the set Accountbalance is exceeded, an interest rate lower than theSafari Saver Account rate will automatically apply tothe entire balance in the Account and such interestrate shall be at our discretion. It is a matter for you toensure that the Account balance does not exceedthis set amount in order to avail of the Safari SaverAccount rate. Where the Account balance amount setby us has been exceeded, we will notify you, on thefirst occasion only that, such balance has beenexceeded. You may reduce the Account balance toon or below the set amount so as to avail of theSafari Saver Account interest rate.(b) The Safari Saver Account is available to be openedon behalf of or by minors, in accordance withCondition 6 of the General Conditions above.(c) The Safari Saver Account rate, the set balanceamount to avail of the Safari Saver Account rate andthe lower rate referred to in Condition 13(a) of theSaving Account Conditions will be displayed in thebranches of the Bank and on our Website and maybe varied from time to time.14 HOME STARTERFor the purpose of this condition "Account" means aHome Starter account. In addition to the above SavingsAccount and conditions (where applicable) and includingCondition 12 of the Savings Account Conditions inrelation to 21 Day Notice Accounts, the following termsand conditions apply to the 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) No more than four persons can hold an Account, butthe Bank reserves the right to review that number.(e) Statements will be issued to you annually.(f)(i)You will be entitled to claim certain benefits asadvertised by us from time to time when drawingdown a home loan with the Bank (subject tonormal credit criteria, terms and conditions)provided the foregoing terms and conditionshave been fully complied with.(iv) The benefits referred to above apply only tocustomers who apply for the home loan directlythrough permanent tsb branches, and where theloan is a joint loan, the said benefits will beshared jointly by the joint Account holders.(v)In accordance with the Consumer Credit Act1995, normal credit criteria applies. Subject tostandard terms and conditions. Security isrequired.(vi) Once you have claimed the benefits referred toabove, we will convert the Account to a 21 DayNotice Regular Saver Account.(vii) The benefits are available to be claimed up to 5years after the Account opening date or suchlonger period as we may at our discretion allow.If the above mentioned benefits have not beenclaimed by the end of the above mentionedperiod the Account will be converted to a 21 DayNotice Regular Saver Account. A letter ofnotification will be sent prior to the expiry of theabove mentioned period.(viii) The above mentioned benefits, when claimed bythe Account holder, will be provided only wherethe Specified Monthly Lodgement has beenmade for the Qualifying Period prior to a homeloan being drawn down. The above mentionedbenefits will be provided only in respect of onehome loan, and in the case of Joint AccountHolders, only in respect of the first Joint AccountHolder to draw down a home loan.(g) Where:(i)(ii)you fail to comply with any of the foregoingterms and conditions of the Account within theperiod referred to in Condition14(f) of theSavings Account Conditions; oryou comply with the terms and conditions of theAccount but fail to avail of the above mentionedbenefits prior to expiry of the period referred toin Condition 14(f) of the Savings AccountConditions; or(iii) we reasonably believe that the circumstances sowarrant, the entitlement to the benefits referredto above will, at our discretion, cease and we willconvert the Account to a 21 Day Notice RegularSaver Account.(h) Housing Loans Under Consumer Credit Act 1995SEE WARNINGS AS SPECIFIED IN CONDITION 10(N)OF THE SAVINGS ACCOUNT CONDITIONS ABOVE.(ii)We shall incur no liability if you do not meet thecredit criteria for eligibility for a home loan.PAGE 33(iii) You are obliged to advise us of all Accounts heldwith the Bank when applying for a homeloan toshow entitlement to the benefits.