PTSB is pleased to announce it is increasing deposit rates across a range of Business Deposit Products of up to 0.50%. The new rates come into effect today, Tuesday 07 July.
The enhanced deposit rates apply across seven Business Banking and SME products and will see increases to deposit rates of between 0.25% - 0.50%, reflecting the Bank’s commitment to drive competition in the Business Banking and SME markets, and provide more choice for customers.
PTSB is focused on growing its Business Banking and SMEs offering as part of its business strategy to diversify income. Earlier this year, the Bank announced its Business Banking division had delivered a strong performance in Q1 2026, with new lending in business banking up 18% and growth in the business banking book of 10%.
The latest move also follows the launch by PTSB in May 2026 of an enhanced deposit offering to retail customers including a new 32 Day Notice account and boosts to its Regular Saver offering through increased savings thresholds for retail customers.
Dermot Ryan, Head of Bank Products and Pricing Strategy at PTSB, said:
“PTSB is committed to enhancing competition in the Business Banking and SME sectors. While the Irish economy continues to perform strongly, it remains important to support SMEs, which are the backbone of local communities across Ireland. Our market leading rates across a range of deposit products provide SME customers with greater choice and flexibility when managing their funds.”
| Product | Current Rate | New Rate | Increase |
|
Demand Deposit Account |
0.50% |
0.75% |
+ 0.25% |
|
32 Day Notice Account |
1.50% |
1.75% |
+ 0.25% |
|
6 Month Fixed Term |
1.25% |
1.75% |
+0.50% |
|
1 Year Fixed Term |
2.00% |
2.25% |
+ 0.25% |
|
18 Month Fixed Term |
2.98% (AER 2.00%) |
3.35% (AER 2.25%) |
(+ 0.25%) |
|
3 Year Fixed Term |
6.13% (AER 2.00%) |
6.91% (AER 2.25%) |
(+ 0.25%) |
|
5 Year Fixed Term |
10.41% (AER 2.00%) |
11.77% (AER 2.25%) |
(+ 0.25%) |
For media queries, please contact ed.micheau@ptsb.ie | 086 8037155
Notes to Editor:
