AIB 3.02% 2 Year Deposit

[Lightning]

AIB's 2 year term deposit pays 3.02% AER fixed.

Term deposit rates have collapsed across Europe in recent months.

But AIB have not cut their term deposit rates nor culled products yet.

I could be totally wrong - and probably pointing out the obvious to most people - but it's very difficult to see this product lasting much longer.

If anyone is considering a term deposit, and wants to choose an Irish bank, now might be the time to consider this product. Perhaps.

 

[ClubMan]

Not the best 2 year rate on offer but I guess that some people might be more comfortable dealing with AIB than with Raisin/Haitong...

Best Buy - Term Deposits (Fixed Lump Sum Savings)

Rates are frequently updated. Information last changed: 27 November 2024. Highest Term Deposit Rates 3 Months - Easisave - 3.60% 6 Months - Easisave - 3.30% 1 Year - BFjord via Raisin.ie - 3.10% 2 Years - Haitong via Raisin.ie - 3.14% 3 Years - Haitong via Raisin.ie - 3.10% 4 Years -...

www.askaboutmoney.com

 

[Des Pondent]

Not the best 2 year rate on offer but I guess that some people might be more comfortable dealing with AIB than with Raisin/Haitong...

That's the way I see it.
Not worth the hassle for a few extra euro.

 

[Logo]

Apologies for a few Q's. I'm interested in opening this account and plan to visit a branch tomorrow. However, if not already an AIB customer, will I need to set up a current account with them and will this involve quarterly management fees? Not sure why Irish banks make it so difficult to lodge lump sums for a few years but I assume this will also reduce the rate again + DIRT tax. TIA.

 

[Harvard]

AIB's 2 year term deposit pays 3.02% AER fixed.

Term deposit rates have collapsed across Europe in recent months.

But AIB have not cut their term deposit rates nor culled products yet.

I could be totally wrong - and probably pointing out the obvious to most people - but it's very difficult to see this product lasting much longer.

If anyone is considering a term deposit, and wants to choose an Irish bank, now might be the time to consider this product. Perhaps.

Good spot lightning. Given a lot of people have been caught for PRSI on top of DIRT on overseas deposits it's a convenient and efficient option to have.

 

[ClubMan]

Apologies for a few Q's. I'm interested in opening this account and plan to visit a branch tomorrow. However, if not already an AIB customer, will I need to set up a current account with them and will this involve quarterly management fees?

Doesn't their product page explain?

Personal Fixed Term Deposit Account

aib.ie

 

[Logo]

Thanks Lightening, Harvard & ClubMan for the info.