Savings & Deposits FAQs
Quicklinks
Savings Support
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Can I change the name on my account?
If you want to choose a name that helps you save it's easy to do on your mobile app or on Interent Banking. On your online accounts balance page click the piggy bank icon and follow the steps.
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Can I pick an icon for my savings account?
Maybe an icon will help to motivate your savings. If you want to pick an icon for your savings account, you can see how to here.
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If I change the name of my account, can I change it back?
You can change the name of your account as often as you like. Some customers change the name of their account when they are getting close to their savings goal or when they set a new one.
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Can we rename our joint account?
Yes. Either of you can do this at any time. It's easy to do on the AIB mobile app or on Internet Banking. On your online accounts balance page click the piggy bank icon and follow the steps. And whatever you chose only you can see it, so each of you can chose different names. For Deposit Accounts you can select different icons for the same joint account also.
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I can't see my savings account on online banking.
To make sure your savings account shows up on online banking, go to How do I add my account to view online and follow the easy steps.
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What if I do not have the AIB mobile or Internet Banking but I want to change the name on my account?
It's simple to do. Just register for AIB Internet Banking through your local branch, through www.aib.ie or by phoning 0818 724 725. Once you have access to AIB Internet Banking, you can follow the steps outlined here.
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When I select the Home savings icon, why am I being asked about receiving content?
When you select the Home icon, we will offer you practical hints and tips to help you save for you home. You can opt out of these if you want to.
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How do I know how much to save to buy a home?
There’s more than just the deposit involved in buying a home. There are fees for solicitors and valuations for example. To get a good idea of how much you’ll need, why not try our calculator? It breaks it down into a monthly saving amount for you.
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How can AIB help me save for my future?
AIB can help you save for your future by giving you everything you need to know about getting started on your savings journey. Whether you are looking to save for a car, holiday, wedding or maybe your own home one day, we can help.We have a savings account for every type of saver. It all comes down to you and whether you are saving for something in particular, have a lump sum to put away, or just want to build an ‘emergency fund’ to give yourself a little peace of mind.To view what account would suit you, click here. You can also use our My Money Manager tool in your internet banking and our Savings Calculator to help you achieve your savings goal.
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What savings tips can I use now?
There are many tips we share and a few changes you can make that will help you on your savings journey. For tips click here.
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Why should I use a Standing Order to save?
By using a Standing Order you can put the money you are saving into your savings account without having to think about it because it will be put into your savings automatically for the same amount and at the same time each month. It is also a great way to show us that you can save a certain amount every month. Keeping control of your savings is easy; you can amend or cancel your Standing Order online or by giving notice in writing to your AIB Branch.
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How will a budget help me?
A budget is a useful way to see what you can save each month after all your spending is out of the way. Whatever your situation, having a budget is the best way to keep spending under control and improve your financial situation. Visit AIB I am Budgeting for a range of easy to use tools and expert advice to help you set your budget.
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Why should I think about saving for a home now when it is so far away in the future?
You don’t necessarily need to be planning to buy a home right now but saving is a good habit to get into anyway. Try saving a small amount every week or month and build up a saving habit. Ultimately, the aim is to save the equivalent of what you estimate your monthly mortgage payments will be.
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Do I need a Separate Savings account or can I just use my Current Account to save the money?
You should keep your savings separate from any account that you use for spending money, like your current account. It will let you see your savings grow and help you to keep saving. It also helps you to avoid the temptation of dipping into your savings. We have many different types of savings accounts you can use, please click here to find one that suits you.
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I don’t want to save for anything in particular at the moment, so why should I start saving now?
Sometimes without warning life can throw something unexpected at you. Starting to save early on helps you to develop good savings habits but it also helps you in case you experience a rainy day or your car decides to die. Having savings in situations like these means you won't have to wait to pay day to fix the problem. The sooner you start, the more you will save.
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How much do I need to save monthly?
How much you save each month will depend on the type of savings account you have but be sure to choose a realistic amount that is right for you. To help you work out what how much you can save each month you can use AIB Savings Calculator.
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What type of account can I open?
We have savings and deposit accounts for every type of saver. To view which option suits your needs click here.
Personal Demand Deposit
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What type of account is this?
- 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. For further information on DIRT please click here.
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How do I open a Personal Demand Deposit Account?
You can open your Personal Demand Deposit Account through the AIB Mobile App or AIB Internet Banking once you are registered for AIB Phone & Internet Banking. Simply log in to your AIB Mobile App or Internet Banking and click ‘Apply & Open’. Under the ‘Savings’ section, select ‘Personal Demand Deposit”. You can also open this account in branch.
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What if I do not have AIB Phone & Internet Banking but want to open a Personal Demand Deposit Account online?
If you are a customer with AIB but have not yet registered for AIB Phone & Internet Banking, you can apply for AIB Phone & Internet Banking in an AIB branch, through www.aib.ie or by phoning 0818 724 724. Click here for more information.
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How do I open an account if I am not already an AIB customer?
To open a Personal Demand Deposit, you will need to visit an AIB Branch near you. 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)Once you have registered for AIB Phone & Internet Banking with the branch, you will then be able to download the AIB Mobile App or alternatively you can open this account in branch.
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What interest rate will I receive on this account?
For information on our deposit interest rates, please click here.
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Can I have a Personal Demand Deposit with someone else?
Yes, you can have an account on your own or shared with someone else. If you are opening one with someone else, you have to do so in branch. To manage a shared account with someone else online you need to set the signing instruction at ’Any one to sign’. This means both of you can use the account independently without the other’s permission.
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How many Personal Demand Deposit Accounts can I have?
You can hold up to four Personal Demand Deposit accounts 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.
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How do I pay money into my Personal Demand Deposit Account?
- 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.
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How often can I pay money into my Personal Demand Deposit Account?
You can pay money in as often as you want to your Personal Demand Deposit Account up to €1,000,000.
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How can I take money out of my account?
You can take money out of your Personal Demand Deposit Account whenever you want through your AIB Mobile App or AIB Internet Banking.You can transfer your money electronically to other AIB accounts or accounts from other financial institutions. Click ‘Pay & Transfer’ and enter the detail as required.AIB Internet Banking is available for approximately 20 hours a day, for you to use Banking Services via the Internet. Click here for more information.You can also take money from your Personal Demand Deposit Account at any AIB branch.
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Who can I speak to about my account?
You can contact us on 0818 724 724 (International +353 1 771 2424) Click here for opening times.
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Do any fees apply to my Personal Demand Deposit Account? / Will I be charged fees on my account?
No fees apply to your account. However, certain other charges may still apply to your savings account. Please refer to AIB’s booklet 'A Guide to Fees and Charges for Personal Accounts' available at any AIB branch or at www.aib.ie.
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Where can I see my balance and transactions on my account?
You can see your savings balance, account transactions as well as add and move money through the AIB Mobile App and AIB Internet Banking.
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How do I close this account?
You can close your account through AIB Internet Banking by following the steps under ‘Account Management’. Alternatively, you can post a letter to your account holding branch or visit your branch with Photo ID to close the account.
Online Notice Deposit 7
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What type of account is this?
- The Online Notice Deposit 7 Account is the perfect account if you want flexibility when saving and quick access with only 7 days’ notice needed to take money out.
- The Online Notice Deposit 7 is available to open through the AIB Mobile App, AIB Internet Banking and in any of our branches.
- This is an online notice deposit account which only works Online. To manage your money, you must be registered for AIB Phone and Internet Banking.
- This account is suitable for lump sum amounts that you can add to at any time.
- There is no minimum balance on this account. The maximum is €1,000,000.
- You need to give us at least 7 calendar days’ notice to take money out.
- To open the account you’ll also need either an AIB Demand Deposit Account or AIB Current Account to pay money into the Online Notice Deposit 7 Account.
- ’You can have up to 4 Online Notice Deposit 7 Accounts, in your own name or with someone else.
- We pay the interest to you twice during the year, in April and October.
You may have to pay Deposit Interest Retention Tax (DIRT) on the interest we pay you. For further information on DIRT please click here. -
Who can apply for an Online Notice Deposit 7?
Any AIB customers registered for Phone & Internet Banking can open an Online Notice Deposit 7 account.You must have an AIB Demand Deposit Account or AIB Personal Current Account to facilitate withdrawals and closures.If you are not a customer of AIB, please refer to How do I open an Online Notice Deposit 7 if I am not already an AIB customer?
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What if I do not have AIB Phone and Internet Banking but want to open an Online Notice Deposit 7?
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 timesOnce you have access to AIB Phone and Internet Banking, you can then open an Online Notice Deposit 7 by following the steps below, under 'How do I open an Online Notice Deposit 7'. You also need an AIB Demand Deposit Account or an AIB Current Account.
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How do I open an Online Notice 7 account, if I am not already an AIB customer?
To open an Online Notice Deposit 7, you must open a suitable AIB Payment Account such as a Demand Deposit or a Personal Current Account at your local AIB branch. We recommend that you open a Demand Deposit account as no transaction fees apply on this type of account. In order to comply with the Criminal Justice Act 1994, 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), so that we can open a Payment Account for you. You’ll need to open an AIB Personal Current Account or AIB Demand Deposit Account in branch so that you can pay money into your Online Notice 7 account. You will then be able to download the AIB Mobile App once you have registered for AIB Phone & Internet Banking.You can also open an Online Notice Deposit 7, at an AIB Branch near you. You’ll need to prove your identity and address so be sure to bring two forms of identification (ideally a passport or driver’s licence and an up-to-date utility bill or recent bank statement)
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What interest rate will I receive on this account?
For information on our deposit interest rates, please click here.
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How do I open an Online Notice Deposit 7?
Simply log in to your AIB Mobile App, click on ‘Products’ in the App menu. Under the ‘Apply & Open’ section, select ‘Savings’ and click on ‘Online Notice Deposit 7’. Then follow the steps.To open through AIB Internet Banking click ‘Apply & Open’. Under the ‘Savings section, select ‘Online Notice Deposit 7’. Then follow the steps.Accounts opened through the AIB Mobile App and AIB Internet Banking can only be opened in your name.You can also open this account in your AIB branch. If you choose to open an account by visiting an AIB branch, you can open the account in either your name or with someone else.
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Can I have an Online Notice Deposit 7 account with someone else?
Yes, you can have an account on your own or shared with someone else. You can open a shared account in any AIB Branch.By agreeing to open an account with someone else, either party on the account will be able to operate the account through their AIB Phone and Internet Banking. No branch transactions are allowed on this account. If you want to talk to someone about your account, please call us on 0818 724 724. Click here for information on opening times.
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How many Online Notice Deposit 7 accounts can I have?
You can hold up to 4 Online Notice Deposit 7 Accounts on your own or with someone else. If you want, you can rename each account with the savings goal you want to achieve.
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How can I put money into my Online Notice Deposit 7?
You can add money to your account online using the AIB Mobile App or Internet Banking. This money can be added to your account from your current account or a demand deposit account through our mobile banking app.Simply click ‘Pay & Transfer’ and enter the detail.AIB Internet Banking is available for approximately 20 hours a day, allowing you to use Banking Services via the Internet.Please click here for more information about AIB Internet Banking.You can also call us on 0818 724 724 to pay money into your account. Click here for opening hours.You can also put money in by standing order, an international payment into the account, or electronic money transfers. You can add up to €1,000,000 in one go or in stages to your Online Notice Deposit 7.
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How often can I add money to my Online Notice Deposit 7?
You can pay in money as often as you like up to €1,000,000.
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How can I take money out of my account?
You can only access the money in your Online Notice Deposit 7 by giving us at least 7 calendar days’ notice.You can give us the notice we need online through your AIB Mobile App or Internet Banking Profile by clicking on ‘Serve Notice’. It’s under the ‘My Accounts’ page. You can only do this one at a time.AIB Internet Banking is available for approximately 20 hours a day, so you can use Banking Services through the Internet. Click here for further information.You may only have one active ‘Notice to Withdraw’ in place on your account at any one given time.On the eighth day after you give us notice, your money will be ready to transfer, up to the value you asked for, for the next seven calendar days.You can take out the money in stages during these seven days.When you give us notice, you can also ask us to transfer the money to another account listed on your mobile banking app, when the time comes.
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Who can I speak to about my account?
You can contact us on 0818 724 724 (International +353 1 771 2424). Click here for opening times.
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Will I be charged fees on my account?
No, we don’t charge maintenance or transaction fees on this account.However, certain other charges may still apply to your savings account. Please refer to AIB’s booklet 'A Guide to Fees and Charges for Personal Accounts' available at any AIB branch or go to AIB Fees and Charges - Personal Banking | AIB
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Where can I see my balance and transactions on my account?
You can see your savings balance, account transactions as well as add and move money through the AIB Mobile App and AIB Internet Banking.
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How do I close my account?
To close your Online Notice Deposit 7 you must give us 7 days’ notice.When you give us notice, we will ask you to nominate an account to automatically transfer your balance and any interest.On the eighth day, we will automatically transfer your money and close your account.
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How can I close my account during my cooling off period?
If you have opened this account online, under the Distant Marketing Directive, you have the right to withdraw from and cancel the agreement without penalty within 14 days of opening the account.You can close your account online, through your AIB Mobile App or AIB Internet Banking Profile by using the ‘Close Account’ function and giving us 7 days’ notice.If you want to close your account immediately within 14 days of account opening, as per your entitlement under the Distant Marketing Directive, please call 0818 724 724, or write to your branch to tell us you want to close the account.If you close the account, we will pay you interest on the money you have in your Online Notice Deposit 7 up to the date you take it out.
Online Saver
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What type of account is this?
- 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. For further information on DIRT please click here.
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Who can apply for an Online Saver?
Any AIB customer can open the Online Saver online, if they are registered for AIB Phone & Internet Banking, or in one of our branches. You must have an AIB demand deposit Account or AIB Current Account to open this account to facilitate withdrawals and closures. If you are not a customer of AIB, please see How do I open an Online Saver, if I am not already an AIB customer?
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How do I open an Online Saver Account?
- 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 also open this account in your AIB branch in your name or in joint names. -
What if I do not have AIB Phone & Internet Banking but want to open an Online Saver online?
If you are an AIB customer, you can download the AIB Mobile App. You will need to register for AIB Phone & Internet Banking, and this can be done at an AIB branch near you, through www.aib.ie or by phoning 0818 724 724. Click here for more opening hours.You can then open an Online Saver by following the steps under 'How do I open an Online Saver Account'?You also need an AIB Demand Deposit Account or an AIB Current Account. If you do not have one of these, see 'What if I do not have an AIB Current or Demand Deposit Account but want to open an Online Saver?'
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What if I do not have an AIB Current or Demand Deposit Account but want to open an Online Saver?
To open an Online Saver, you’ll need to open a Demand Deposit or a Personal Current Account with us, which you can do at your local AIB branch. 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.
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How do I open an Online Saver if I am not already an AIB customer?
- 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.
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Can I have an Online Saver account with someone else?
Yes, you can have an account on your own or shared with someone else. If you are opening one with someone else, you have to do so in a branch near you. To run a shared account with someone else means both of you can use the account independently without the other’s permission.
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How many Online Saver accounts can I have?
You can have four Online Savers 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.
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What interest rate will I receive on this account?
For information on our deposit interest rates, please click here.
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How do you calculate interest on my Online Saver?
- 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. To see current Online Saver rates please click here.
- The Online Regular Saver rate and Standard Online Saver rate are both variable rates of interest.
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How does saving with this account work?
Decide on a regular monthly savings amount between €10 and a €1,000, to kick start your savings.You set up this amount through a standing order every month through your current or demand deposit account. You can also transfer additional amounts electronically into the account. You can save up to €1,000,000.
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Can I change my regular savings amount? / How can I update the amount I want to save?
- You can change the amount, date, 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 here.
- 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’
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Can I take a payment break from my Online Saver Regular Lodgement?
You can take a break from paying your regular savings amount at no charge by updating the Standing Order through your AIB Mobile App or Internet Banking.Alternatively, you can visit or write to your branch giving five business days’ notice to cancel/amend/suspend your regular savings amount.For more information on how to change a standing order on the AIB Mobile App or Internet Banking, please visit Standing Order FAQs.
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How do I pay extra/more into my Online Saver?
- 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). Click here for further information.
- AIB Internet Banking is available for approximately 20 hours a day, so you can use Banking Services online. Click here for further information.
- You can also call us on 0818 724 724 to put money into your Online Saver Account.
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How do I get money out of my Online Saver?
You can take money out of your Online Saver by sending the money to one of your other AIB accounts through the AIB Mobile App or Internet Banking.Click the ‘Pay & Transfer’ and enter the details we ask you for.
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Who can I speak to about my account?
You can contact us on 0818 724 724 (International +353 1 771 2424). For opening times click here.
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Will I be charged fees on my account?
No fees apply to your account. However, certain other charges may still apply to your savings account. Please refer to 'A Guide to Fees and Charges for Personal Accounts' available at any AIB branch or at www.aib.ie.
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Where can I see my balance and transactions on my account?
Yes, you can see your savings balance, account transactions, add and move money through the AIB Mobile App and AIB Internet Banking. For new customers, click here to find out how to register for Phone and Internet Banking.
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How do I close this account?
- 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
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How can I close my account in my cooling off period?
If you have opened this account online, under the Distant Marketing Directive, you have the right to withdraw from and cancel the agreement without penalty within 14 days of opening the account.
- 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.
Personal Fixed Term Deposit
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What type of account is this?
- 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. For information on Fixed Term Deposit rates please click here.
- 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. For further information on DIRT please click here.
- You must have an AIB Demand Deposit Account or AIB Current Account to open this account to facilitate withdrawals and closures.
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How do I open a Personal Fixed Term Deposit?
- 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?
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What if I do not have AIB Phone and Internet Banking but want to open a Personal Fixed Term Deposit
- 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.
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What if I do not have an AIB Demand Account or AIB Current deposit but want to open a Personal Fixed Term Deposit?
- 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.
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How do I open a Personal Fixed Term Deposit, if I am not already an AIB customer?
- 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.
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Can I open a joint Personal Fixed Term Deposit?
- 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”.
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How many Personal Fixed Term Deposit accounts may I have?
- 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.
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How can I put money into my Personal Fixed Term Deposit?
- 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.
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Are there any restrictions on the amount and number of times I can put money into my Personal Fixed Term Deposit?
- 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.
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Are there any restrictions on the number of times I can take money out of my Personal Fixed Term Deposit?
- 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.
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How do I change what I want to do with my money at the end of the term?
- 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.
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If I have a question, who do I contact?
- 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.
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Do any fees apply to the Personal Fixed Term Deposit account?
- 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”.
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How do I close this account?
- 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.