Best Buy: Term Deposits - Euro Fixed Term Lump Sum Savings available for Irish Residents
Last Updated: 1 October 2026
1. Highest Term Deposit Rates Overall
2. Highest Term Deposit Rates With No Foreign Tax Deducted
3. Highest Term Deposit Rates With No Foreign Tax Deducted and Irish Tax Auto-Deducted or No Tax
Notes
Last Updated: 1 October 2026
1. Highest Term Deposit Rates Overall
| Term | Provider | Rate (AER) Pre-Tax | Min/Max | Fees | Protection | Tax | Key Notes |
|---|---|---|---|---|---|---|---|
| 3 Months | Easisave | 2.60% | €1/None | None | 100k (Malta) | Paid gross; Declare to Revenue | |
| 6 Months | Banca Profolio via Raisin.ie | 2.88% | €20k/€100k | None | 100k (Italy) | Paid gross; Declare to Revenue | |
| 1 Year | BluOR via Raisin.ie | 3.45% | €1/€100k | None | 100k (Latvia) | Latvian tax applied; Reduce via residency cert; Self-declare gross and reduced tax already paid to Revenue | |
| 2 Years | Achema via Raisin.ie | 3.33% | €5k/€100k | None | 100k (Netherlands) | Paid gross; Declare to Revenue | |
| 3 Years | Achema via Raisin.ie | 3.38% | €5k/€100k | None | 100k (Netherlands) | Paid gross; Declare to Revenue | |
| 4 Years | Achema via Raisin.ie | 3.42% | €5k/€100k | None | 100k (Netherlands) | Paid gross; Declare to Revenue | |
| 5 Years | Achema via Raisin.ie | 3.51% | €5k/€100k | None | 100k (Netherlands) | Paid gross; Declare to Revenue |
2. Highest Term Deposit Rates With No Foreign Tax Deducted
| Term | Provider | Rate (AER) Pre-Tax | Min/Max | Fees | Protection | Tax | Key Notes |
|---|---|---|---|---|---|---|---|
| 3 Months | Easisave | 2.60% | €1/None | None | 100k (Malta) | Paid gross; Declare to Revenue | |
| 6 Months | Banca Profolio via Raisin.ie | 2.88% | €20k/€100k | None | 100k (Italy) | Paid gross; Declare to Revenue | |
| 1 Year | BankInter | 3.30% | €2k/€2 million | None | 100k (Ireland) | Auto Deducted | Access up to 25% of your funds during the term (after the initial 8 weeks); currently limited to one term deposit per person. |
| 2 Years | Achema via Raisin.ie | 3.33% | €5k/€100k | None | 100k (Netherlands) | Paid gross; Declare to Revenue | |
| 3 Years | Achema via Raisin.ie | 3.38% | €5k/€100k | None | 100k (Netherlands) | Paid gross; Declare to Revenue | |
| 4 Years | Achema via Raisin.ie | 3.42% | €5k/€100k | None | 100k (Netherlands) | Paid gross; Declare to Revenue | |
| 5 Years | Aareal via Raisin.ie | 3.51% | €1k/€100k | None | 100k (Germany) | Paid gross; Declare to Revenue |
3. Highest Term Deposit Rates With No Foreign Tax Deducted and Irish Tax Auto-Deducted or No Tax
| Term | Provider | Rate (AER) Pre-Tax | Min/Max | Fees | Protection | Tax | Key Notes |
|---|---|---|---|---|---|---|---|
| 6 Months | BankInter | 2.72% | €2k/€2 million | None | 100k (Ireland) | Auto Deducted | Access up to 25% of your funds during the term (after the initial 8 weeks); currently limited to one term deposit per person. |
| 1 Year | BankInter | 3.30% | €2k/€2 million | None | 100k (Ireland) | Auto Deducted | Access up to 25% of your funds during the term (after the initial 8 weeks); currently limited to one term deposit per person. |
| 2 Years | AIB | 2.27% | €5k/None | None | 100k (Ireland) | Auto deducted | From 12 September 2026: You'll be able to take out up to 25% of your savings once during each fixed term You'll need to keep at least €5,000 in your account |
| 3 Years | PTSB | 2.00% | €5k/€100k | None | 100k (Ireland) | Auto deducted | |
| 5 Years | NTMA: State Savings: 5 Year Savings Certificates: issue 26 | 2.29% Tax Free (A 33% taxable product would need to pay approx. 3.42% to match) | €50/€100k or €200k (joint) | None | Unlimited via state guarantee | No tax | Early withdrawal is possible but is subject to interest penalties. Applies from 30 August 2026 |
Notes
- A term deposit is a deposit held at a financial institution that has a fixed term with maturities ranging anywhere from a month to a few years. When a term deposit is purchased, 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.
- 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.
- 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 may be advisable to place a reminder in your calendar to ensure you don't forget.
- If you want email updates on term deposit rates, you can subscribe to this thread.
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