At certain times in your life, you may have a lump sum of money to put away.

It could be from an inheritance, a retirement fund or even from savings built up over the years. 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. With an AIB Select Fixed Term Deposit Account, you can lodge money for a fixed term and withdraw it at the end of the term. We will calculate interest on the daily balance in the account at the rate applied on the day you open your account.

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Select Fixed Term Deposit Account

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    Features & Benefits

    • You need a minimum opening balance of €15,000.

    • You can choose a 12 month, 18 month or 2 year term.

    • You may not withdraw your funds prior to maturity with the exception of customers in terms of 12 months or more who can make a once off withdrawal of 10% of the balance during the term. This is subject to you maintaining the minimum balance of EUR 15,000 at all times.

    • Before opening this account, it is very important that you consider your short-term needs and ensure that you have sufficient funds in short-term accessible deposits.

    • When you open a Select Fixed Term Deposit Account, the prevailing rate of interest will be applied to the account and fixed for the term of the deposit.  Interest is paid into the account at the end of the term. Where the account has a term in excess of one year, interest is also paid annually on the anniversary date.

    • At Account opening, and during the term of your account, you can give us maturity instructions to tell us what you would like to do with your funds. You can choose to reinvest, withdraw some of your funds and reinvest the balance or withdraw all of your funds and close your account.

    • It is very important to be aware that if you don't give us maturity instructions, your funds will be automatically reinvested for the same or similar term at the prevailing rate.

    • Should you wish to cancel your account, you have a 14 day period from reinvestment in which to contact us in writing in order to do so.

    • If you choose to reinvest, for 5 days prior to your maturity date, you can add to your savings by making one additional lodgement to your account, subject to minimum lodgement requirements.

    • There are no operating costs associated with the AIB Select Fixed Term Deposit, however services charges may apply. For more details on these charges, please see the 'Services Charges' section within 'A Guide to Fees and Charges for Personal Accounts'.

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Talk to Us

We’re ready to help you start saving today.


Simply call 1890 724 724 or +353 1 7712424 from outside Ireland (lines are open Monday to Friday 9am – 5pm), or drop into any AIB branch. We’ll be happy to answer any questions you may have and find the right kind of savings account for you.

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Help and Guidance

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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 interest paid may be reported to the Revenue Commissioners, in accordance with the requirements of S.891B of the Taxes Consolidation Act 1997.


    Financial institutions in Ireland are required under legislation to seek answers to certain questions for purposes of identifying those accounts, the details of which are reportable to Irish Revenue who may exchange these details with other for onward transmission to tax authorities in relevant jurisdiction(s). This legislation incorporates the United States Foreign Account Tax Compliance Act (FATCA) and the Organisation for Economic Co-operation and Development (OECD) Common Reporting Standard (CRS).

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    Personal Identification Requirements

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Terms and Conditions

View the Select Fixed Term Deposit Account Terms and Conditions


AIB Savings Calculator

Find out how even the smallest amount of regular savings will add up


Deposit Rates

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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.

Other Information

Interest is subject to Deposit Interest Retention Tax (DIRT), at the prevailing rate where applicable (for more information please visit:

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