Business Fixed Term Deposit Account
Earn fixed interest on your lump sum and access your money at the end of the term
Features and benefits
Security of a fixed rate of interest
At certain stages in the growth of your business you may find that you have money to add to your savings. If you have a lump sum to save and you know that you can put it away for a fixed term, then you can benefit from the security of a fixed rate of interest.
Access
You have to be prepared to put your money away for a term. If your business needs more frequent access to money, this account may not be the most suitable for you.
Interest
When you open an AIB Business Fixed Term Deposit Account, we will apply our prevailing rate of fixed interest to the account for the term. We pay the interest into the account at the end of the term. Where the Account has a term over one year, interest is also paid annually on the anniversary date.
Interest is subject to Deposit Interest Retention Tax (DIRT) at the prevailing rate where applicable. (For more detailed information, visit www.revenue.ie)
Find out more about our Deposit Interest Rates.
Maturity
At maturity (when the term ends), you can choose to reinvest, withdraw some of your money and reinvest the balance or withdraw all of your money and close your account.
You can let us know what you’d like to do with your money when you open an account or at any time during the term up to the business day before maturity at any AIB Branch. If you are a sole trader you can also do this online.
Please be aware that if you don't let us know what to do with your money when the term ends, your money will be automatically reinvested in your account which may be the same investment term or shorter investment term at the prevailing fixed rate on the day the term ends.
Lodgement options at reinvestment
If you choose to reinvest, you can add a minimum amount to your savings within five days of the term ending, subject to minimum lodgement requirements.
Business Fixed Term Deposit account at a glance
- To see available terms and rates click here.
- Open and manage your Business Fixed Term Deposit at any AIB Branch.
- Minimum amount is €15,000. There is no maximum balance.
- Lump sum invested for fixed term at fixed interest rate.
- You have seven calendar days from account opening to make this single lump sum lodgement, otherwise your account will automaically close.
- You can only take your money out at the end of term.
Change to Minimum Balance from 5 February 2025
From 5 February 2025, you will be able to open a Business Fixed Term Deposit account with a minimum balance of €5,000. We made this change based on customer feedback. For in-branch account opening and maturity instructions, this reduction to €5,000 will be available from 5 February 2025. Sole Traders will be able to provide maturity instructions on the mobile app for the lower minimum balance in the following weeks.
What does this mean for you:
I want to open a Business Fixed Term Deposit with a balance between €5,000 and €15,000:
Until 5 February 2025, the minimum balance for the accounts will be €15,000. From 5 February 2025, you can open a new Business Fixed Term Deposit in our branch with a minimum balance of €5,000.
I have a Business Fixed Term Deposit Maturing before 5 February 2025 , can I reinvest at maturity with just €5,000?
Until 5 February 2025, the minimum balance for the accounts will be €15,000. From 5 February 2025, you can reinvest with a balance from €5,000 in branch and for sole traders, on the mobile app in the following weeks.
If your maturity is before 5 February 2025 you can choose to close your account at maturity. When the threshold is changed you can then open a new account in branch. Please be aware that you may not be earning interest on your money in the intervening period and that deposit interest rates are subject to change.
Please visit your branch if you’d like to discuss the savings options which may best suit your needs. We’re happy to help you.
Related products
Fees and charges
We do not charge fees for the AIB Business Fixed Term Deposit Account, however services charges may apply. For more details on these charges, please refer to the ‘Services Charges’ section within our Business Fees and Charges.
Interest is subject to Deposit Interest Retention Tax (D.I.R.T.) where applicable at the prevailing rate. For more information please visit Revenue.
