Lock away your money at a fixed rate for a fixed term
There may be a time when you have some money that you can put to good work; money that you don’t need for a while.
If you can manage to put your money away for a fixed term, then you can benefit from the security of a fixed rate of interest. It is important to know this means that you cannot take out your money until the end of the fixed term.
Personal Fixed Term Deposit Interest Rates
Rates for accounts opened and reinvested from 12 September 2023
| Term | Interest Rate (Gross %) | Interest Rate (A.E.R. %) |
| 6 Months | 1.50% | 1.50% |
| 1 Year | 2.50% | 2.50% |
| 2 Years | 3.00% | 3.02% |
Put away €15,000 or more 
How it works
Interest is calculated each day on the balance of the account and we’ll put it into your account at the end of the fixed term. If the fixed term is greater than one year, we will pay any interest earned to your account annually, and at the end of the term.
At any point during the term, up to the last business day before the terms ends, you can let us know what you would like to do with your money. You can choose one of the following:
- Reinvest the full amount and the interest earned for another fixed term
- Take out some of the money and reinvest the rest, or
- Take out all the money and close the account
What happens at the end of the term
If you want to reinvest your money at the end of the term for longer, you can put in at least €1,000 extra in the five business days before the fixed term ends.
If you don’t ask us to do anything 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.
How to open a Personal Fixed Term Deposit Account
If you use our AIB Mobile App you can open a Personal Fixed Term Deposit Account online in your own name and start saving straight away. You can also open a Personal Fixed Term Deposit Account in any branch.
You need to have an AIB payment account and a minimum lump sum investment amount of €15,000. You must put money in within seven calendar days of opening the account otherwise the account will automatically close. You must be 18 or older to open an Account.
Like opening any account, if you are not currently an AIB customer, you’ll need to prove your identity and address. Find out more here.
You can open up to 4 accounts in your own name or shared with someone else. To open an account shared with someone else you need to visit an AIB Branch.
There is no AIB Debit Card issued with a Personal Fixed Term Deposit Account.
We don’t charge maintenance or transaction fees on a Personal Fixed Term 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’.
Looking for more information?
Important information
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Terms and Conditions and other important information
Read the AIB Personal Fixed Term Deposit Account Terms and Conditions.Read the AIB Personal Fixed Term Deposit Account Important Information.You can ask us to end the agreement within 14 days of opening the account, the date you receive terms and conditions and other Account information, 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.Find out more about AIB Phone & Internet Banking transfer limits and operating hours here.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.
AER is annual equivalent rate. 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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