Changes to AIB Fixed Term Deposit Interest Rates

AIB Fixed Term Interest Rate Change:

We are changing the interest rate for the 1 Year and 2 Year terms for the AIB Fixed Term Deposit accounts. This change applies to both Personal and Business customers.

AIB Fixed Term Deposit accounts opened, or reinvested, on or after 13^th May 2025 will have the new rates outlined below.

For existing AIB Fixed Term Deposit accounts, the fixed rate that we applied when the account was opened will continue for the term.

Personal and Business Fixed Term Deposit Accounts

Account Type	Fixed Rates – to 12/05/2025			New Fixed Rates – from 13/05/2025
Fixed Term Deposit	Gross%	AER%	Gross Return at Maturity %	Gross%	AER%	Gross Return at Maturity %
6 month	1.50%	1.50%	0.75%	1.50%	1.50%	0.75%
1 Year	2.25%	2.25%	2.25%	2.00%	2.00%	2.00%
2 Year	2.75%	2.77%	5.58%	2.25%	2.26%	4.55%

Interest is subject to Deposit Interest Retention Tax (DIRT), where applicable, at the prevailing rate on the day interest is paid.

AER stands for Annual Equivalent Rate and shows the interest rate if the interest was paid and compounded once each year.

Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.

I want to open an AIB Fixed Term Deposit account, what fixed term interest rate will you apply to my new account?

The interest rate that we will apply to your new AIB Fixed Term Deposit will be the prevailing fixed term interest rate on the day the account is opened. This interest rate will apply for the full term.

Interest rates can be subject to change up to the day you open your account, so please check for up to date rates. You’ll find them on our website (aib.ie) under Savings & Deposits - Deposit Rates.

How do I open an AIB Fixed Term Deposit account before the rate changes?

New customers can make an appointment to open a Fixed Term Deposit account with us in branch through our website or by visiting any branch. When visiting a branch, please bring proof of identity and proof of address documents. For a list of the documents we accept please see Personal Identification Requirements.

If funds are not lodged to the Fixed Term account within seven calendar days of opening, the account will automatically close. You can do electronic funds transfers on the same day of account opening, but cheques will take several days to clear.

If you are already a customer with us, you can open a sole account on your mobile app. To open an account with someone else please make an appointment in branch through our website or by visiting any branch.

I recently opened a Fixed Term Deposit Account and want to see what interest rate I am on now?

If you use our mobile banking app, you can see your interest rate under your Fixed Term Account. We show the interest rate and the date the fixed term ends. If you don't use our mobile banking app, you'll see the interest rate on your account statement. If you want to register for our mobile banking app, see how to register for the AIB app and Online Banking service.

What interest rate will you apply to my account if I recently opened a new AIB Fixed Term Deposit account and there has been a change to fixed term deposit interest rates?

The fixed interest rate that we applied on the day you opened your account will continue to apply for the term.

What happens if I do not want to continue with the AIB Fixed Term Deposit account that I have opened?

If you don't want to keep your Personal Fixed Term Deposit account, Personal customers can take all the money out within 14 days of opening the account. To do this you will need to tell us in writing at a local branch. We will not pay any interest for the time you used the account.

What happens if AIB Fixed Term rates change before or after I reinvest into a new term?

The interest rate that we apply to your money when you reinvest it for a new term will be the prevailing fixed interest rate that applies on the first day of the new term. This interest rate will apply for the full term.

Fixed interest rates can be subject to change up to the first day of the new term. To check for up to date rates, please visit AIB Savings & Deposits - Deposit Rates.

If you choose not to reinvest, you can:

Change your Maturity Instruction (before Reinvestment): You can amend maturity instructions any time during the term up to 18:00 on the business day before the term ends.

You can choose from 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
Cancel after reinvestment: Personal customers can withdraw and cancel the agreement without penalty within 14 days of reinvestment. To do this you will need to tell us in writing at a local branch. We will return the money you invested, but will not pay any interest for the time you used the account.