Bank of Ireland has detailed its latest savings & investment product "High Yield 30", which offers competitive interest rates for short-term savings. The account is available for investments of £3,000 to £250,000, with rates beginning at 4.3 per cent and increasing on a sliding scale to 5 per cent for amounts exceeding £100,000.

The deposit account pays interest twice a year and allows additional lodgements to be made by the customer at any time. Investors can also avail of an emergency withdrawal facility once a year, withdrawing up to £5,000 or 10 per cent of the investment without notice or charge.