Savings & Deposits FAQs

• The Personal Demand Deposit gives you access to your money on demand.
• This account is suitable for lump sum amounts that you can add to as you like.
• You can use it online or in any of our branches.
• There is no minimum balance on this account. The maximum balance is €1,000,000.
• You need to be registered with AIB Phone & Internet Banking to open and use this account through the AIB Mobile App or Internet Banking
• You can apply to have up to four Personal Demand Deposit Accounts, either on your own or with someone else.
• We pay variable interest twice during the year, in April and October.
• You may have to pay Deposit Interest Retention Tax (DIRT) on the interest we pay you. Further information on DIRT.

• You can add money to the account using the AIB Mobile App or AIB Internet Banking, from another account on your Internet Banking profile.
• Click ‘Pay & Transfer’ and enter the details we ask for.
• AIB Internet Banking is available for approximately 20 hours a day, for you to use Banking Services via the Internet.
• You can also call a Customer Service Advisor on 0818 724 724 to add money to your Personal Demand Deposit. Click here for opening times.
• You can also put money in by standing order, an international payment into the account, or electronic money transfers. You can also use cash, cheques and drafts in branch, through the Cash & Cheque Lodgement Machine and at the counter.

• It’s our regular savings account designed to make online saving as easy as possible for you. You can also open an account in any of our branches.
• It’s suitable for regular monthly savings, but you can add money and move it anytime.
• You will need an AIB Current Account or demand deposit account to open and use this account. 
• As soon as you’ve opened this account, you can manage and access your savings instantly through the AIB Mobile App or Internet Banking.
• There is no minimum balance, however, to begin your regular savings we will ask you to set up a standing order to add a regular saver amount to your account each month. The minimum amount is €10 and the maximum is €1,000 per month.
• You can hold up to €1,000,000 in this account.
• You need to be registered with AIB Phone & Internet Banking to open and use this account online.
• You can have up to four Online Saver accounts in your own name or shared with someone else.
• You can also rename the account with the savings goal you want to achieve.
• You earn variable interest which we calculate daily and pay to your account each April.
• You may have to pay Deposit Interest Retention Tax (DIRT) on the interest we pay you.  Further information on DIRT.

• Log in to your AIB Mobile App or Internet Banking and click ‘Apply & Open’. Under the ‘Savings’ section, select ‘Online Saver’.
• Alternatively, log into AIB Kiosk Banking with your AIB debit card & PIN and click the ‘Open an Online Saver’ button and follow the steps.

• You can open an Online Saver, at your local AIB Branch. You’ll need to prove your identity and address so, please bring two forms of identification (ideally a passport or driver’s licence and an up-to-date utility bill or recent bank statement)
• You will firstly need to open an AIB Personal Current Account or AIB Demand Deposit Account in branch to open and use the Online Saver. You will then be able to download the AIB Mobile App once you have registered for AIB Phone & Internet Banking.

• Your savings will earn the Online Regular Saver rate of interest up to €1,000 per month for a 12-month period.
• The Online Saver works on a 12-month cycle. The monthly threshold increases month on month, from €1,000 in month one to €12,000 in month 12. In month 13, the maximum monthly threshold goes back to €1,000 and the 12-month Online Saver period starts again.
• In each month, any balances in the account over the monthly threshold will earn the lower Standard Online Saver rate. Current Online Saver rates.
• The Online Regular Saver rate and Standard Online Saver rate are both variable rates of interest.

• You can change the amount, frequency, and source of this amount online at any time free of charge by updating the Standing Order through your AIB Mobile App or Internet Banking. For more information on how to change a standing order on AIB Internet Banking, please visit Standing Order FAQs.
• You can write to your branch giving five business days’ notice to cancel/amend/suspend the savings amount. If you change it through your AIB branch, we will charge you for that service. Please see ‘A Guide to Fees and Charges for Personal Accounts’

• You can pay extra into your account at any time you like, up to a maximum of €1,000,000.
• You can pay money in by using your AIB Mobile App or Internet Banking.
• You can also put money in by standing order, an international payment into the account, or electronic money transfers. Simply click ‘Pay & Transfer’ and enter the payment detail on your AIB Mobile App or Internet Banking.
• AIB Mobile App is available 20 hours a day (excluding updates). 
• AIB Internet Banking is available for approximately 20 hours a day, so you can use Banking Services online.
• You can also call us on 0818 724 724 to put money into your Online Saver Account. 

You can contact us on 0818 724 724 (International +353 1 771 2424). For opening times click here. 

• You can close your Online Saver through internet banking or in one of our branches.
• To close your Online Saver online you must log into your AIB Internet Banking profile and click on ‘Account Management’.
• We will ask you to select another account on your Internet Banking Profile to which we will transfer your Online Saver balance and any interest on it.
• Your Online Saver account will then close.
• Alternatively, you can post a letter to your account holding branch

• You can close your account online at any time, through your AIB Internet Banking Profile, by using the 'Close Account' function. Alternatively, you can close your account by sending a written instruction to an AIB branch near you or by phoning us on 0818 724 724.
• If you cancel or terminate the agreement, we will pay you interest on the money you have deposited in your Online Saver up to the date you withdraw it.

• This is our Personal Fixed Term Deposit, which you can open on the AIB Mobile App or in any AIB Branch.
• It’s suitable if you want to put away at least €15,000 as one lump sum amount for a fixed term.
• You can apply to have up to four Personal Fixed Term Deposit Accounts, in your own name or with someone else.  You will get a fixed rate of interest for a fixed term. We calculate interest each day and pay it into your account at the end of the term. Information on Fixed Term Deposit rates.
• If the term is greater than one year, we will pay any interest earned to the account annually, and at the end of the term. You may have to pay Deposit Interest Retention Tax (DIRT) on the interest we pay you. Further information on DIRT.
• You must have an AIB Demand Deposit Account or AIB Current Account to open this account to facilitate withdrawals and closures. 

• If you are a customer with us and you use AIB Phone & Internet Banking, you can open your Personal Fixed Term Deposit through our app. Log in to your AIB Mobile App and click ‘Apply & Open’, under the ‘Savings’ section select ‘Personal Fixed Term Deposit”.
• You can also open an account in your own name in any AIB Branch
• If you are not a customer with us please see How do I open a Personal Fixed Term Deposit, if I am not already an AIB customer?

• If you are a customer with us, but you have not registered for AIB Phone and Internet Banking, you can apply for AIB Phone and Internet Banking in your AIB branch, through www.aib.ie or by phoning 0818 724 724. Click here for opening times.

• To open a Personal Fixed Term Deposit, you must have an AIB demand deposit Account or AIB Current Account to facilitate withdrawals and closures. To prove your identity and address, please bring two forms of identification (ideally a passport or driver's licence and an up-to-date utility bill or recent bank statement), so that we can open an account for you.

• To open a Personal Fixed Term Deposit you will need to visit an AIB Branch. You’ll need to prove your identity and address so be sure to bring two forms of identification (ideally a passport or driver’s license and an up to date utility bill or recent bank statement)
• You will firstly need to open an AIB Current Account or AIB demand deposit Account in branch to open and use the Fixed Term Deposit. You will then be able to download the AIB Mobile App once you have registered for AIB Phone & Internet Banking.

• Yes, you can have an account on your own or shared with someone else. If you are opening an account with someone else, you have to do so in an AIB Branch.
• If you want to open a shared account and use the account independently without each other’s permission (for example deciding what to do with your money at the end of the term), you need to set the signing instruction to “Any one of us”.

• You can hold up to four Personal Fixed Term Deposits either in your own name or shared with someone else. If you want, you can rename each account with the savings goal you want to achieve.

• You can put money into the account at any AIB branch.
• You can also put money in by electronic money transfer or international payment into the account once at the start of the term, but you can’t access it until the end of the term.
• If you are registered for AIB Phone & Internet Banking, you can also put money into your account through the AIB Mobile App. 

• You can make one lodgement of €15,000 or more at the start of the term, within seven days of opening the account.
• If you want to reinvest your money at the end of the term for longer, you can also put in at least €1,000 extra in the five business days before the term ends.

• You can only take money out when the term ends, there is no access during the term.
• However, we understand that things can happen in life that you haven’t planned for.  Therefore, in very exceptional circumstances, we may consider the conditions under which you can take the money out of your account. You should contact your branch or call us on 0818 724 724 or +353 1 7712424.

• You can change what you told us you wanted to do with the money, at any time by selecting “Amend Maturity Instruction”. You can choose to (1) reinvest the full amount and the interest earned (2)take out some of the money and reinvest the rest, or (3) take out all the money and close the account. You can also do this in any AIB Branch. This can be done up to 18:00 on the business day before the end (maturity) of your term.

• If you have a question for us about this and other savings, deposit or investment options, you can speak with us at any AIB branch or call a Customer Service Advisor on 0818 724 724. Click here for opening times.

• We don’t charge maintenance or transaction fees on this account but there may be other service charges. For details see “A Guide to Fees and Charges for Personal Accounts”.

• You cannot close your account before the end of your term.
• If you want to close your account at the end of the term, you will need give us maturity instructions. You can ask us to set this up, either when you first put money into the account, or at any time during the term up to the business day before the term ends. This can also be done through the AIB Mobile App.
• You can ask us to end the agreement within 14 days of opening the account or on reinvestment at the end of the term. We will not charge you to close the account, however, we will not pay you interest for the time you were invested.