Rewarding the savings habit
Saving for something special has its own rewards. With our Student Saver Account, you can put money away easily and get to it whenever you want.
To reward your savings, we will give you a higher interest rate on any balances up to €1,000. Our interest rate for balances you save over €1,000 are lower.
Variable interest will be earned each day and we’ll put it into your account each April and October.
Save as little or as much as you want What it offers
Easy to use
Whenever you get a bit of extra cash, you can put it into our Student Saver Account – any amount at any time.
Flexibility
You can take out money at any time.
Great Rates
Competitive savings rate to help you make the most out of your money.
How to open a Student Saver Account
You can open the Student Saver Account at any AIB branch. You can only open one Student Saver Account and the account is only available in your own name.
Like opening any account, if you are not currently an AIB customer, you’ll need to prove your identity and address. If you are not 16 yet, your parent or guardian will need to agree to opening the account. They will need to prove your identity, their identity and your address. Find out more about identification requirements.
Open an account in a branch near you
There is no AIB Debit Card issued with a Student Saver Account.
We don’t charge maintenance or transaction fees on a Student Saver 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?
Deposit rates
Find out more about our Deposit Account Rates
Branch locator
Frequently asked questions
Important information
-
Terms and Conditions and other important information
When you are 19, we will automatically change your Student Saver to a Personal Demand Deposit Account. We will give two months’ notice before we make this change.Find out more about AIB Phone & Internet Banking transfer limits and operating hours here.The Revenue Commissioners is the primary state body responsible for the assessment and collection of taxes and duties. Visit the Revenue website.For all service-related queries please visit our Help Centre. Visit our Help Centre.
-
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 Pay Related Social Insurance (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. Rates quoted are variable. Interest is subject to Deposit Interest Retention Tax (DIRT), at the prevailing rate where applicable (for more information please visit the Revenue site).
You might also be interested in
Personal Demand Deposit Account
Manage your savings your way, with instant access to your money
Before proceeding please read our Site Use Terms and Conditions, Privacy & Cookie statements which apply to your use of this website. AIB and AIB Group are registered business names of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2.
Tel: +353 (0)1 6600311 Registered in Ireland: Registered No. 24173 Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland. Copyright Allied Irish Banks, p.l.c. 1995