Best Buy Term Deposits (Fixed Lump Sum Savings)

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Rates are frequently updated. Information last changed: 12 March 2024.

Highest Term Deposit Rates


1 Year - BluOr (Direct) - 4.00%
2 Years -
BluOr (Direct) - 3.43%
3 Years -
BluOr (Direct) - 3.53%
4 Years
- TFBank via Raisin Bank - 3.25%
5 Years
- BluOr (Direct) - 3.85%


Selected Term Deposit Rates

A&G Banco via Raisin Bank
  • 6 Months 3.35%
    1 Year 3.50%
    2 Years 3.40%
  • Minimum: €20,000.
  • 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.

BFF Bank via Raisin Bank
  • 3 Months 3.50%
    6 Months 3.25%
    9 Months 3.00%
    1 Year 3.00%
    2 Years 2.48%
    3 Years 1.96%
    4 Years 1.71%
    5 Years 1.69%
  • Minimum: €20,000.
  • 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.

TFBank via Raisin Bank
  • 1 Year 3.45%
    2 Years 3.40%
    3 Years 3.25%
    4 Years 3.25%
    5 Years 3.35%
  • Minimum: €5,000.
  • 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: Aprox. €95,000 (1,050,000 SEK) via Swedish Deposit Guarantee.

J&T Banka via Raisin Bank
  • 1 Year 2.40%
    1 Year 6 Months 2.48%
    2 Years 2.57%
    2 Year 6 Months 2.60%
    3 Years 2.63%
    4 Years 2.60%
    5 Years 2.75%
  • Minimum: €10,000.
  • Access: At the end of the term.
  • Tax: DIRT not deducted at source. Czech Republic withholding tax will apply but may be reduced if certificate of tax residency is supplied. Gross deposit interest and any withholding tax paid will need to be declared, to the Revenue.
  • Deposit Protection: €100,000 via Czech Republic Deposit Guarantee.

BluOR Bank via Raisin Bank
  • 6 Months 3.20%
    9 Months 3.20%
    1 Year 3.25%
    2 Years 3.45%
    3 Years 3.49%
  • Minimum: €1.
  • 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.

Younited via Raisin Bank
  • 1 Year 3.30%
    2 Years 2.75%
    3 Years 2.55%
    4 Years 2.35%
    5 Years 2.15%
  • Minimum: €2,000.
  • 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.

Banca Privata Leasing via Raisin Bank
  • 6 Months 3.50%
    1 Year 3.50%
    2 Years 3.44%
    4 Years 3.19%
  • Minimum: €5,000.
  • 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 Italian Deposit Guarantee.

Banco Português de Gestão via Raisin Bank
  • 6 Months 2.50%
    1 Year 3.50%
    2 Years 3.40%
    3 Years 3.20%
  • Minimum: €20,000.
  • 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 Portugal Deposit Guarantee.

Privatbanka via Raisin Bank
  • 1 Year 2.30%
    2 Years 2.57%
    3 Years 2.91%
    4 Years 2.87%
    5 Years 2.83%
  • Minimum: €5,000.
  • 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.

Euram Bank via Raisin Bank
  • 6 Months 0.01%
    1 Year 0.01%
    1 Year 6 Months 0.05%
    2 Years 0.10%
  • Minimum: €5,000.
  • 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 Austrian Deposit Guarantee.

Alior Bank via Raisin Bank
  • 6 Months 0.10%
    1 Year 0.10%
    2 Years 0.20%
    3 Years 0.20%
  • Minimum: €10,000.
  • Access: Early termination possible anytime.
  • Tax: DIRT not deducted at source. Polish withholding tax will apply but can be reduced to zero if a certificate of Irish tax residency is supplied. Gross deposit interest and any withholding tax paid will need to be declared to the Revenue.
  • Deposit Protection: €100,000 via Polish Deposit Guarantee.

BluOr Bank
  • 3 Months 2.00%
    6 Months 3.25%
    1 Year 4.00%
    2 Years 3.43%
    3 Years 3.53%
    5 Years 3.85%
  • 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.

BNP Paribas via BCP.ie
  • 1 Year 6 Months 2.58%
    3 Years 2.85%
  • Minimum: €50,000
  • Access: At the end of the term.
  • Deposit Protection: None.

Me Direct
  • 6 Months 3.15%
    1 Year 2.70%
    2 Years 2.50%
    3 Years 2.30%
  • 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 1.75%
    1 Year 6 Months 2.50%
    3 Year 3.00%
    5 Years 2.00%
  • Minimum: €5,000
  • Access: At the end of the term.
  • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.


Bank of Ireland: 365 Fixed Term Deposit Account
  • 6 Months 1.50%
    1 Year 2.00%
    2 Year 2.00%
  • Minimum: €5,000
  • Maximum: €1,000,000
  • Access: At the end of the term.
  • This product is only open to those that have a BoI current account and are also registered users of 365phone or 365online .
  • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

Bank of Ireland: 12 Month Fixed Term Deposit Account
  • 1 Year 2.00%
    2 Year 2.00%
  • Minium: €5,000
  • Maximum: None.
  • 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 unless otherwise stated.
  • There are also best buy threads for variable rate instant access and notice accounts, current accounts and regular saver products.
  • Most credit unions pay very low rates on deposits and shares, but some pay good rates. It might be worth your while investigating the rate offered by your local credit union.
  • Post any questions, comments or suggestions in the .
  • Products above are for personal customers only.
Tax on deposit interest:
  • Deposit income is taxable via: (1) DIRT at 33% at source, exceptions apply to DIRT including for those aged 65 or over subject to meeting certain income criteria and (2) PRSI which is normally taxed at 4% if you have unearned income over €5,000 per year, if you are aged 16 or over and aged 66 or under.
  • The NTMA State Savings products that are listed above are DIRT exempt.
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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