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Online Fixed Term Deposit Accounts

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Whether you're saving for short-term goals or planning for the future, grow your savings and secure your financial future with our Online Fixed Term Deposit Account that offers the ease and convenience of opening online, in minutes. It's a simple and useful way to grow your money.

Our Online Fixed Term Deposit Account Interest Rates

Term Savings Gross Rate Gross Return AER
6 Months  €5,000 + 2.00% 0.98% 2.00%
1 Year  €5,000 + 2.75% 2.75% 2.75%

View and compare more Deposit Interest Rates.

Features and Benefits

  • Competitive rates: Benefit from competitive fixed rates to maximise growth on your savings.
  • Straight forward application: Existing customers can open Online Fixed Term Accounts in minutes through Open24 Online Banking.
  • A good start to your savings: Begin your savings journey with a minimum deposit of €5,000.
  • No max limit: With no maximum limit, you have the freedom to invest any amount you wish.  
  • Simple roll-over process: On maturity, we will automatically re-invest your funds into a new Online Fixed Term Deposit Account for the same length of time, unless you choose to close the account. More details on what happens when the term ends.
  • Peace of mind: You can withdraw your funds or make further lodgements within 14 days from the date of investment, penalty free. 
  • Withdrawal options:
    • You can withdraw your funds within 14 days from the date of account opening without incurring any charges or penalties.
    • If you wish to withdraw your funds after 14 days from the date of account opening or before the term ends, an early withdrawal charge will apply.
  • Annual Equivalent Rate (AER): Shows the interest percentage you would earn if the amount you deposited is in your account for a full year and the interest rate remains constant.
  • Deposit Interest Retention Tax (DIRT): A tax payable on the interest you earn from your Savings or Deposit Account. It is automatically deducted when you receive your funds.

 

More information | Terms and Conditions

Important information

Direct Debits and Standing Orders cannot be set up on this account.

How to open an online account

View our guide on how to open our Online Fixed Term Account.

 

To open an account you need to be:

  • An existing PTSB customer opening the account in your own name.
  • Over 18 and a tax resident in the Republic of Ireland.
Open online Register for Open24

We're here to help

Give us a call on 0818 50 24 24 or +353 1 212 4101 (from abroad) and our dedicated team will assist you. Lines are open from 9am to 5pm Monday to Friday (excluding Bank Holidays), and from 10am to 2pm Saturday and Sunday.

When the Term Ends: Next steps

Before your Online Fixed Term Deposit Account reaches maturity, you’ll be notified with a letter detailing your options. We will automatically re-invest your funds (including interest where applicable) into a new Online Fixed Term Deposit Account for the same length of time, unless you choose to close the account. The interest rate on the new Online Fixed Term Deposit Account will be the rate available when the funds are re-invested.

Once the account has been automatically rolled over, you will have 14 days to decide what to do next: 

  1. Lodge: Additional funds can be added to your account 14 days from the maturity date.
  2. Withdraw: Transfer your funds to your Current Account, Notice Savings Account, or Demand Deposit Account. (Don't have these accounts? – see step 3).
  3. Full balance withdrawal and account closure: If you’d prefer not to reinvest and wish to withdraw all funds in the account, the account will need to be closed. To close your account, you will need to attend a branch with valid photo ID. Acceptable forms of ID.
    • Alternatively our Deposits Service Team would be happy to assist you if you send written instruction to the address details provided below:

PTSB Deposit Services,
56-59 St. Stephen's Green,
Dublin 2.

We no longer offer the 3 Month Online Fixed Term Deposit Account to new customers. Existing accounts will mature into a new Fixed Term Deposit Account for the same length of time, unless you choose to close the account.

Rates for Existing Online Fixed Term Customers

Term Savings Gross Rate Gross Return AER
3 Months €5,000 + 0.01% 0.002% 0.01%

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