One Year Fixed Term Reward Account

3.95% Gross/A.E.R. Fixed

Please note that this product is available through our AIB Direct Deposits team at 1850 44 22 22 and is not available through AIB branches or through AIB Phone & Internet Banking

If you have a sum of money you would like to put away for one year and earn the highly attractive fixed rate of 3.95% Gross / A.E.R. Fixed (subject to no withdrawals) then open one of our One Year Fixed Term Reward Accounts.

How it works

The Fixed Term Reward Account sets aside a lump sum for a fixed term of 12 months. This product offers full capital security for the term and a secure rate of interest. We will pay you a fixed rate of 3.95% Gross / A.E.R. Fixed on your funds at the end of the term once you do not make any withdrawals during the term. If a withdrawal is made during the term then a standard rate of 1.00% will apply to the full balance from the date of lodgement up until the date of the withdrawal and any remaining balance and interest will be transferred to our Easy Access Account. Our Easy Access Account is a demand deposit account operated and managed through the AIB Direct Deposits team.

Features of the account

This rate comprises of a standard rate of 1.00% Gross / A.E.R. Fixed and a reward rate of 2.95% Gross / A.E.R. Fixed*.

This product is available through the AIB Direct Deposits team at 1850 44 22 22.

• Minimum balance of  €1; maximum balance €1,000,000
• *The reward interest rate of 2.95% Gross / A.E.R. fixed will apply where no withdrawals are made during the term, earning a total of 3.95% Gross / A.E.R. Fixed. In the event of a withdrawal, the standard interest rate of 1.00% Gross / A.E.R. fixed will be applied to the account up until the date of the withdrawal. Any remaining balance and interest will be transferred to the Easy Access Account at the prevailing variable rate at that time
• Lodgements permitted up until 30 days after account opening
• Interest is calculated daily and paid into your account on the anniversary of account opening, or on account closure if sooner. Please note that the one year term commences on the account opening date, not the date of your lodgement. This means that if you do not lodge on the day of account opening, you will not earn interest on the account prior to your first lodgement which may result in the interest applying to the account being less than the advertised rate.
• This product is only available to personal customers i.e. sole or joint accounts
• 12 month term

Tax on Interest earned on the Fixed Term Reward Account

We will deduct Deposit Interest Retention Tax (DIRT) at the prevailing rate from all interest earned, where applicable (for more information see www.revenue.ie). To the extent that DIRT has been deducted there is no further liability to Irish income tax, but you maybe subject to PRSI.

How to Open a Fixed Term Reward Account

• Call us on 1850 44 22 22 (Phone lines open from 8am-8pm Monday to Friday)

Or

• Click below to print off an application form

Please note that this product is only available through our AIB Direct Deposits team at 1850 44 22 22 and is not available through AIB branches or through AIB Phone & Internet Banking

If you are a new customer to the Fixed Term Reward account click here
If you are an existing Fixed Term Reward account customer click here

Important / Regulatory Notice

Terms and conditions apply. A.E.R. is the Annual Equivalent Rate.

• Terms and Conditions for AIB Direct Deposit Accounts
• AIB Terms of Business
• Financial Regulator
• www.revenue.ie

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