• Increases of 0.5% for all new fixed term deposits ranging from 12 months to 5 years
  • New market-leading rate of 1.75% for 12-month fixed term and 2.00% for 18-month fixed term
  • This is the 4th set of interest rate increases for savers announced by permanent tsb since November 2022 

Permanent tsb is increasing the rates it pays to depositors.

This is the 4th rate increase on savings and deposit products that the Bank has announced since November 2022.  

The rates on all fixed term deposit products ranging from 12 months to 5 years will increase by 0.5%.

The 12-month and 18-month fixed rates will increase by 0.5% to a market-leading 1.75% and 2.00% respectively.

The 3-year and 5-year rates will increase by 0.5% to 2.00%.

In addition, the rate on the 6-month fixed term deposit will increase by 0.25% to 1.00%.

The new deposit rates will take effect from 9th August 2023.

Please note: 

1.Our New Deposit Fixed Rates for new accounts opened from the 9th August 2023.

Product

AER Current rate

AER New rate

Fixed 6 month

0.75%

1.00%

Fixed 12 month

1.25%

1.75%

Fixed 18 Month

1.50%

2.00%

Fixed 3 Year

1.50%

2.00%

Fixed 5 Year

1.50%

2.00%

2. The above communication covers the main points of our upcoming Deposit Rate change on the 09 August 2023, but it does not provide detail on every aspect of the changes. Customers should contact the Bank for information on how the changes will impact on their individual circumstances and should seek independent financial advice. Terms and conditions apply to permanent tsb products.

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