Making saving fun (and easy-peasy).

A regular savings habit is one of the best starts in life you can have. It’s one of the first big steps towards helping you to make important decisions and plan for your future. Little by little, you can watch your money grow! At AIB, we have designed a demand deposit account especially for our younger savers.

Good habits start with the 'Savings Gang'

You can save your pocket money in your very own account with help from the 'Savings Gang', Lolly, Bob, Mr. Dough, Richie, Bucks and Quids.  When you open a Junior Saver Account you will get a free ‘Savings Gang’ moneybox.

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Junior Saver Account

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    Features and Benefits

    • If you are a Junior Saver between the ages of 7 – 11 inclusive, you can open a Junior Saver Account. We will need to make sure that your Parent/Guardian is happy for you to start saving with us. 

    • This Account is only available as a sole account in your name.

    • You can only open one Junior Saver Account.

    • You can save as little or as much as you like, there is no minimum or maximum limit.

    • You can save an amount that suits you monthly or just top up your balance as you choose.

    • You have the flexibility to withdraw any amount, any time.

    • To reward your savings, we will give you a great interest rate on balances up to €1,000. All amounts above €1,000 will earn a lesser rate of interest.

    • Interest is variable, calculated daily and paid into your Account in April and October.

    • When you reach the age of 12, the name of your Account will change from ‘Junior Saver’ to ‘Student Saver’. All other features of your Account will stay the same.

    • When you reach the age of 19, your Account will automatically change to a suitable demand deposit account. We will give two months notice before this change is made

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    What your parent/ guardian needs to know

    • For your child to open this Account, a copy of the child’s birth certificate or the applicable court order (or other relevant documentary evidence) must be produced as proof of parenthood/guardianship.

     

    Personal Identification Requirements

    Before opening a bank account with AIB Bank we will need you to provide acceptable proof of identity and proof of address.  See details here Personal Identification Requirements

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Talk to us

We’re ready to help you start saving today.
 

Simply drop into any AIB branch or call 1890 724 724 from Monday to Friday 8am-9pm and Saturday 9am-6pm.  We’ll be happy to answer any questions you may have and find the right kind of savings account for you.

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Help and Guidance

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    Tax on Interest earned on Deposit Accounts

     

    • We will deduct Deposit Interest Retention Tax (DIRT) at the prevailing rate from all interest earned, unless you are entitled to exemption from DIRT, and we will pay this directly to the Revenue Commissioners
    • To the extent that DIRT has been deducted there is no further liability to Irish income tax, but you may be subject to PRSI. Deposit Interest is not liable to the Universal Social Charge
    • The Bank will deduct DIRT from the accounts of customers unless a fully completed non-resident declaration form is held by the Bank and a minimum balance of €12,500 is maintained at all times in each account maintained by the customer. Where these conditions are maintained, we will apply this DIRT exemption to all accounts you hold with us
    • If you or your spouse are aged 65 or over in the current tax year, or permanently incapacitated, and you are exempt from income tax, you may apply to have all interest on the account paid without deduction of DIRT. Each personal account you hold with us requires a separate application
    • Details of interest paid may be reported to the Revenue Commissioners, in accordance with the requirements of S.891B of the Taxes Consolidation Act 1997.

     

    Where interest is paid to an individual resident in an EU Member state (other than Republic of Ireland) or certain department territories, that interest will be reported to the Revenue Commissioners in accordance with the European Union Council Directive 2003/48/EC (EU Savings Directive).

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Terms and Conditions
View the Junior/Student Saver Terms and Conditions

 

AIB Savings Calculator

Find out how even the smallest amount of regular savings will add up

Deposit Rates

Find out more about our Deposit Account Rates
 

Revenue.ie

The Revenue Commissioners is the primary state body responsible for the assessment and collection of taxes and duties
 

Central Bank of Ireland

Learn more about the Financial Regulator


Help Centre

For all service related queries please visit our Help Centre

Other Information

  • AER is annual equivalent rate. Rates quoted are variable. Interest is subject to Deposit Interest Retention Tax (DIRT), at the prevailing rate where applicable (for more information please visit: www.revenue.ie).

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