Does your business have a lump sum and unsure what to do with it? We can help! We've got a range of fixed term deposit accounts with terms from 6 months to 5 years so you can choose the best term for your business needs.
Our fixed term deposit accounts earn your business a competitive fixed rate. See below for our rates:
| Term | Required Balance | Gross Interest Rate | Gross Return | AER |
| 6 month | €5,000+ | 2.00% | 0.98% | 2.00% |
| 1 year | €5,000+ | 2.75% | 2.75% | 2.75% |
| 18 months | €5,000+ | 3.73% | 3.73% | 2.50% |
| 3 years | €5,000+ | 6.44% | 6.44% | 2.10% |
| 5 years | €5,000+ | 10.41% | 10.41% | 2.00% |
Non-Personal fixed term accounts are limited to two accounts per customer/business and the maximum balance allowed per account is €2,000,000
At the end of the fixed term when the account matures, you can withdraw the savings and interest, minus DIRT (Deposit Interest Retention Tax). You can access your money at any time should you need it, however an early withdrawal charge will apply.
If you change your mind, you can withdraw some or all of your account balance up to 14 calendar days from investment date, without charge.
If we don’t hear from you before your fixed term account matures it automatically converts to the Instant Access account for matured fixed term deposits until instructions are received from you.
This will be at a variable interest rate which is currently 0.01% Gross/AER, You can find out more about our interest rates in any of our branches or online.
If a withdrawal is required before account maturity an early withdrawal charge will apply.
Generally interest is paid at the end of the term and is subject to DIRT at the prevailing rate but is subject to change.
Annual Equivalent Rate (AER) illustrates what the interest would be if interest was paid and compounded each year. Our AER calculation assumes that the account is held for a year and that the interest rate remains constant.
Direct Debits and Standing Orders cannot be set up on savings and deposit accounts.
Important information about our Deposit Accounts.
You can only open this account by attending one of our branches. The appropriate mandate form must be completed and signed by all parties on the account. Non-personal fixed term accounts cannot be opened online or in-app.
You can make an appointment in any of our branches and submit your application with one of our team.
