AIB Fixed Term Deposits - Partial Withdrawals (up to 25%) Now Permitted

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Freelance

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Self explanatory e-mail received from AIB today:

Some good news about your Personal Fixed Term Deposit account - we're making it more flexible.

Until now, your savings were locked in for the full fixed term. From 12 September 2026, that changes.

If you need access to some of your money during your fixed term you'll be able to take out up to 25% of your savings. We're calling this new feature Percentage Access.


Here's how it works:
  • 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
  • All the money remaining in your account will keep earning interest as normal. The total amount of interest you earn will be lower than if you had not taken money out
  • You can take money out at any of our branches

And just to be clear - this is simply there if you ever need it. If you don't need access to your savings before your fixed term ends, your account will keep working exactly as it does today and all your money will keep earning interest for the full fixed term.

We're updating the terms and conditions of your Personal Fixed Term Deposit account to include details about the new feature. We have included a summary of the changes with this email and you can read the updated terms and conditions at www.aib.ie/our-products/savings-and-deposits/personal-fixed-term-deposit-account

If you're happy with the changes, you don't need to do anything. We'll automatically add the Percentage Access feature to your account on 12 September 2026.

If you don't want to accept the changes, you can request to close your account at any branch any time before 12 September 2026.

If you need help or if you have a question, just give us a call on 0818 300 152 (Monday - Friday 9:00 to 17:00).

Yours sincerely,
The AIB Deposits Team​
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And it appears that it applies to existing term deposits as well as newly opened accounts.

This brings AIB into line with BOI and others.
 
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I have added a note in the best buys that AIB offers 25% withdrawal. Similar conditions with BoI and BankInter.

Pity that AIB have chosen to keep their term deposit rates the same, but instead amend terms, despite the ECB rate increase and more likely coming.
 
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Lightning said:
Pity that AIB have chosen to keep their term deposit rates the same, but instead amend terms, despite the ECB rate increase and more likely coming.
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It's difficult to fathom. They offered 3% for two year term deposits in 2023-2025, so why not the same now? I have three of these maturing over the coming months and it would be good to be able to roll them over and keep them in Ireland, but it makes no sense to lock in at 2.26% in the current environment.
 
Freelance said:
It's difficult to fathom. They offered 3% for two year term deposits in 2023-2025, so why not the same now?
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I would argue they have been consistent throughout—uncompetitive then and uncompetitive now.

A 3% rate may sound attractive today, but at the time, platforms like Raisin were offering more competitive returns.

Irish banks understand that many depositors place a premium on keeping their savings domestically, and they price their products accordingly.

Until Irish savers prioritise returns over familiarity, they are likely to continue receiving rubbish rates.
 
skrooge said:
I would argue they have been consistent throughout—uncompetitive then and uncompetitive now.

A 3% rate may sound attractive today, but at the time, platforms like Raisin were offering more competitive returns.
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There was a few months, about 2 years ago, when AIB actually had the most competitive 2 year term deposit rate (higher than Raisin and other options). AIB maintained their 3% rate long after everyone else has dropped their term deposit rates in the prior downward interest rate cycle. A lot of people here locked at 3% then and now people like Freelance are dealing with rubbish AIB rates on the maturity side. Competitive on the way in and uncompetitive on the way out.
 

AIB 2.77% 2 Year Deposit Until 12 May

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...
www.askaboutmoney.com

See post #16
 
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