Save all at once, or little by little
We call it demand so that you can get to your money whenever you want. This account is ideal for saving a lump sum all at once or putting away a little as often as you want.
You can access your money through the AIB Mobile App, Internet Banking and at any of our branches.
A variable rate of interest will be earned each day and we’ll put it into your account each April and October.
AER is annual equivalent rate. Rates quoted are variable, that means the rate can increase or decrease. Interest is subject to Deposit Interest Retention Tax (DIRT), at the prevailing rate where applicable (for more information please visit the Revenue site).
Open your account online in minutes or in any branchWhat it offers
Easy to use
You can pay money into your account or take money out as often as you like online through the AIB Mobile App, Internet Banking and in branch.
Flexible
You have the flexibility to save as little or as much as you like up to €1,000,000. From May 2025, you'll be able to save any amount you like in your Personal Demand Deposit account, as there will no longer be a maximum balance limit.
Earn interest
Earn interest on your savings to help you make the most of your money.
How to open a Personal Demand Deposit Account
If you use our AIB Mobile Banking App or the AIB Internet Banking service, you can open a Personal Demand Deposit account online and start saving straight away. You can also open a Personal Demand Deposit Account in any branch.
It’s easy to save, you can put money into the account online from any other account; or with cash or cheques through one of our branches.
Like opening any account, if you are not currently an AIB customer, you’ll need to prove your identity and address. More about identification requirements.
You can open up to four Personal Demand Deposit Accounts in your own name or shared with someone else. You can open an account with someone else in any branch.
There is no AIB Debit Card issued with a Personal Demand Deposit Account.
We don’t charge maintenance or transaction fees on a Personal Demand Deposit Account. For certain customer requests there may be service charges. For more information on fees see "A Guide to Fees and Charges for Personal Accounts".
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Important information
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Terms and Conditions and other important information
Read the AIB Personal Demand Deposit Account Terms and Conditions.Read the AIB Personal Demand Deposit Account Important Information.To use your account online, you must be registered to our Phone and Internet Banking service. You can take money out of your account any time through AIB Phone & Internet Banking services or at any of our branches. When taking money out of your account online you can move your money online to other AIB accounts or any bank account.Find out more about AIB Phone & Internet Banking transfer limits and our operating hours.Revenue.ie - The Revenue Commissioners is the primary state body responsible for the assessment and collection of taxes and duties.Help Centre - For all service-related queries please visit our Help Centre.
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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 your account may be reported to the Revenue Commissioners, in accordance with various legislative requirements covering the United States Foreign Account Tax Compliance Act (FATCA), the Organisation for Economic Co-operation and Development (OECD) Common Reporting Standard (CRS) and domestic banking payments regulations.
Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statements which apply to your use of this website. AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2.
Tel: +353 (0)1 6600311 Registered in Ireland: Registered No. 24173 Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995