Features and Benefits

• Key Benefits
  • 1 year term available.
  • You can open a Personal Fixed Term Deposit account in your own name at any AIB Branch and on the AIB Mobile App.
  • You can open an account shared with someone else by visiting any AIB Branch.
  • To open a Personal Fixed Term Deposit account with us, you need to:
    • be a personal customer
      
    • have an AIB payment account
      
    • have a minimum lump sum investment amount of €15,000
      
    • You can only put money in once within seven calendar days of opening the account, otherwise it will automatically close
      
  • You can put money into your account electronically from other AIB accounts or from other financial institutions.
    
  • You can hold a maximum of four Personal Fixed Term Deposit accounts in your own name or shared with someone else.
    
  • Your account has a fixed term. This means that you cannot take out your money until the end of the term.
    
  • Get a fixed rate of interest for the duration of the fixed term. We calculate interest each day on the account balance and pay it into your account at the end of the term.
    
  • You can manage your account in branch and online.
    
  • You can let us know what you’d like to do with your money at maturity (when the term ends) when you open an account, or at any time during the term up to the business day before maturity. You can choose one of the following instructions:
    
    • Reinvest the full amount and the interest earned, or
      
    • Take out some of the money and reinvest the rest, or
      
    • Take out all the money and close the account
      
  • If you want to reinvest your money at the end of the term for longer, you can put in at least €1,000 in the five business days before the term ends.
    
  • If you don’t ask us to do anything when the term ends, your money will be automatically reinvested in your account on maturity which may be the same investment term or shorter investment term at the prevailing fixed rate on the day the term ends.
    
  • At the end of the term you can choose to have your money automatically transferred to any AIB payment account that you are named on.
    
  • We don't charge maintenance or transaction fees but there may be other service charges. For details see "A Guide to Fees and Charges for Personal Accounts".