Best Buy Term Deposits (Fixed Lump Sum Savings)

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Rates are frequently updated. Information last changed: 16 November 2024.

Highest Term Deposit Rates

3 Months - FCM Bank - 3.51%
6 Months - CA Autobank via Raisin Bank - 3.35%
1 Year - CA Autobank via Raisin Bank - 3.30%
2 Years - CA Autobank via Raisin Bank - 3.25%
3 Years - CA Autobank Bank via Raisin Bank - 3.15%
4 Years - CA Autobank via Raisin Bank - 3.06%
5 Years - Aareal via Raisin Bank - 3.10%

Selected Term Deposit Rates

Raisin Bank - Highest rates available for each term (and highest rates with no local withholding tax):

Term	Bank	Rate	Tax	Minimum	Maximum	Deposit protection
3 Months	BFF Bank	3.25%	Local withholding tax; DIRT not deduced at source	€20,000.00	€100,000.00	€100,000.00
3 Months	imprebanca	3.13%	No local withholding tax; DIRT not deduced at source	€20,000.00	€100,000.00	€100,000.00
6 Months	CA Autobank	3.35%	No local withholding tax; DIRT not deducted at source	€30,000.00	€100,000.00	€100,000.00
1 Year	CA Autobank	3.30%	No local withholding tax; DIRT not deducted at source	€30,000.00	€100,000.00	€100,000.00
2 Years	CA Autobank	3.25%	No local withholding tax; DIRT not deducted at source	€30,000.00	€100,000.00	€100,000.00
3 Years	CA Autobank	3.15%	No local withholding tax; DIRT not deducted at source	€30,000.00	€100,000.00	€100,000.00
4 Years	CA Autobank	3.06%	No local withholding tax; DIRT not deducted at source	€30,000.00	€100,000.00	€100,000.00
5 Years	Aareal Bank	3.10%	No local withholding tax; DIRT not deducted at source	€30,000.00	€100,000.00	€100,000.00

Easisave

• 3 Months 3.50%
  6 Months 3.30%
  9 Months 3.00%
  1 Year 3.00%
  2 Years 3.00%
  3 Years 3.00%
• Minimum: €1,000
• Access: At the end of the term.
• Deposit Protection: €100,000 via Maltese Deposit Guarantee.

FCM Bank

• 3 Months 3.51%
  6 Months 3.18%
  1 Year 3.11%
• Minimum: €2,000
• Access: At the end of the term.
• Deposit Protection: €100,000 via Maltese Deposit Guarantee.

BluOr Bank

• 3 Months 2.00%
  6 Months 2.25%
  1 Year 2.50%
  2 Years 2.25%
  3 Years 2.00%
  5 Years 1.50%
• Minimum: €1,000
• Access: At the end of the term.
• Tax: DIRT not deducted at source. Deposit interest will need to be declared to the Revenue.
• Deposit Protection: €100,000 via Latvian Deposit Guarantee.

MeDirect

• 6 Months 3.00%
  1 Year 2.70%
  2 Years 2.20%
  3 Years 2.20%
• Minimum: €100
• Access: At the end of the term.
• Deposit Protection: €100,000 via Maltese Deposit Guarantee.

AIB: Personal Fixed Term Deposit Account

• 6 Months 1.50%
  1 Year 2.50%
  2 Years 3.00%
• Minimum: €15,000
• Access: At the end of the term.
• Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

PTSB: Fixed Term Accounts

• 6 Months 2.00%
  1 Year 2.75%
  1 Year 6 Months 2.50%
  3 Year 2.10%
  5 Years 2.00%
• Minimum: €5,000
• Access: At the end of the term.
• Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

PTSB: Interest First

• 1 Year 2.75%
• Minimum: €5,000
• Access: At the end of the term.
• Interest paid within 30 days of opening account.
• Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

Bank of Ireland: Advantage Fixed Term

• 6 Months 1.51%
  1 Year 2.50%
  2 Year 2.96%
• Minimum: €5,000
• Maximum: €1,000,000
• Access: 25% during term.
• Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

NTMA: State Savings: 3 Year Bonds:

• 3 Years 1.32% Tax Free
• Minimum: €50
• Maximum: €120,000 (or €240,000 from joint applicants).
• Access: Early withdrawal is possible but is subject to interest penalties.
• Deposit Protection: Unlimited via Irish government sovereign debt guarantee.

NTMA: State Savings: 5 Year Savings Certificates: issue 24

• 5 Years 1.74% Tax Free
• Minimum: €50
• Maximum: €120,000 (or €240,000 from joint applicants).
• Access: Early withdrawal is possible but is subject to interest penalties.
• Deposit Protection: Unlimited via Irish government sovereign debt guarantee.

NTMA: State Savings: 10 Year National Solidarity Bond: Issue 8

• 10 Years 2.01% Tax Free
• Minimum: €50
• Maximum: €120,000 (or €240,000 from joint applicants).
• Access: Early withdrawal is possible but is subject to interest penalties.
• NB: As the interest penalties for early withdrawal are significant on this account, you should only consider this product if you are certain that you will not need access to your money at any stage over the next 10 years. 10 year term deposits are not suitable for most savers.
• You should also be aware that you take on considerable upward interest rate risk by fixing for 10 years.
• Deposit Protection: Unlimited via Irish government sovereign debt guarantee.

Notes:

• A term deposit is a deposit held at a financial institution that has a fixed term. These are generally short-term with maturities ranging anywhere from a month to a few years. When a term deposit is purchased, the lender (the customer) should understand that the money can only be withdrawn after the term has ended or in some cases by giving a predetermined number of days notice which is often subject to exit penalties.
• All rates are AER unless otherwise stated.
• All rates are subject to DIRT / deposit interest tax unless otherwise stated.
• There are also best buy threads for variable rate instant access and notice accounts and regular saver products.
• Post any questions, comments or suggestions in the deposit forum.
• Products above are for personal customers only.

Instructions by maturity date:

• When a term deposit matures, your financial institution will apply a default instruction, if the customer does not give the financial institution an instruction, as to what to do with the maturing amount. Default instructions typically include actions such as the financial institution moving the money to an instant access account at a low rate, the financial institution moving the money to a notice account at a low rate or the financial institution reinvesting the money in a new term deposit often at a far less favorable rate. Hence, ensure that you give an instruction to your financial institution before maturity date as to what you want to occur on maturity date. It is advisable to place a reminder in your calendar to ensure you don't forget.

Updates:

• If you want email updates on term deposit rates, you can subscribe to this thread.

 

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Top post updated.

New Imprebanca 3 month rate via Raisin.ie added.

Raisin.ie rates changed into summary highest rate table format.