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 23rd January 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 22/01/2025 |
New Fixed Rates – from 23/01/2025 |
||||
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 |
2.50% |
2.50% |
2.50% |
2.25% |
2.25% |
2.25% |
2 Year |
3.00% |
3.02% |
6.09% |
2.75% |
2.77% |
5.58% |
Interest is subject to Deposit Interest Retention Tax (DIRT), where applicable, at the prevailing rate on the day interest is paid.
AER is the Annual Equivalent Rate and shows what the interest rate would be if the interest was compounded and applied each year (instead of monthly or over any other period).
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.
I want to open a new AIB Fixed Term Deposit account. What fixed term interest rate will AIB apply to my new account?
The interest rate we’ll apply to your AIB Fixed Term Deposit will be the prevailing fixed-term interest rate we offer on the day the account is opened. This will be your interest rate for the full term.
Interest rates can change up to the day you open your account, so it’s a good idea to check the rates. You’ll find them here AIB Savings & Deposits - Deposit Rates.
How can I find out what interest rate I am on?
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 apply to my account, if I’ve just 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.
If I put money into a new AIB Fixed Term Deposit account a few days after opening, what rate will I receive?
You have 7 calendar days to make a single lodgement from the day you open your AIB Fixed Term Deposit account. The rate we apply on that day will be the prevailing fixed rate that applied on the day you opened the account.
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 you any interest for the time you used the account.
What happens if the interest rates on this account change before or after I reinvest my money for 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 you reinvest your money.
What happens if I do not want to reinvest my money at the end of the fixed term?
In this case you can:
- Change your maturity instruction before the end of your term. You can change your maturity instructions any time during the term up to 18:00 on the business day before the term ends. You can change your maturity instruction to one of the following:
- Reinvest the full amount and the interest you earned for another fixed term, or
- Take out some of the money and reinvest the rest, or
- Take out all the money and close the account.
- Personal customers can change their mind without penalty within 14 days of reinvestment. To do this you will need to tell us in writing at a local branch. We will not pay you any interest for the time between the reinvestment date and the date you decide not to reinvest.
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