Best Fixed Term Deposit Rates Ireland 2026: Compare Top Offers
If you’ve been hunting for the best fixed term deposit rates in Ireland, you’ve probably seen ads promising 7% and wondered if that’s real. It isn’t — not for standard deposits — but the rates that are available can still give your lump sum a meaningful lift if you know where to look. This article compares current offers from AIB, Bank of Ireland, PTSB, Raisin, and EBS, using official bank rates and the CCPC comparison tool, so you can decide which account actually fits your savings.
Current best 1-year fixed term deposit rate in Ireland: 3.26% AER (Raisin) ·
Highest 3-year fixed term deposit rate (PTSB): 6.13% (on balances €5,000+) ·
Two-year fixed term deposit rate (Bank of Ireland): 3.00% AER (5.98% return over full term) ·
Minimum deposit for most fixed term accounts: €5,000 ·
Regulator comparison tool: CCPC Lump Sum Savings Comparison Tool
Quick snapshot
- No Irish bank offers 7% on fixed term deposits (CCPC (official consumer protection body))
- PTSB 3-year fixed rate is 6.13% AER (Bonkers.ie (comparison platform))
- AIB offers 2.26% AER on 2-year fixed deposits (AIB (official bank website))
- Exact future rate changes — banks adjust deposit rates based on ECB decisions
- Whether other banks will match PTSB’s 3-year offer
- Bank of Ireland raised its 12-month term deposit rate by 0.40% in April 2026 (Bank of Ireland (official press release))
- AIB last updated its rates page on 25 July 2026 (AIB (official bank website))
- Use the CCPC lump sum savings comparison tool to compare current rates side by side (CCPC (official consumer protection body))
- Watch for rate movements from EBS and other lenders (CCPC (official consumer protection body))
Five key facts summarise the current landscape for anyone comparing fixed term deposit accounts.
| Label | Value |
|---|---|
| Best 1-year fixed rate | 3.26% AER via Raisin |
| Best 3-year fixed rate | 6.13% AER via PTSB |
| Regulator comparison | CCPC Lump Sum Savings Comparison Tool |
| 7% rate myth | Not available in Ireland as of 2025 |
| Typical minimum deposit | €5,000 |
Which Bank is giving 7% interest on savings accounts?
Are 7% savings rates available in Ireland?
No. Despite occasional marketing noise, no Irish bank currently offers 7% on standard savings accounts or fixed term deposits. The CCPC’s lump sum comparison tool lists dozens of accounts and none come close to that figure (CCPC (official consumer protection body)).
A saver chasing 7% will waste time chasing a fantasy. The real best 1-year fixed rate today is a fraction of that — but still materially better than leaving cash in a current account.
What rates are actually available right now?
- Raisin (broker platform) offers 3.26% AER on 1-year deposits (SmartSaver (savings comparison site))
- PTSB pays 6.13% on a 3-year fixed deposit (minimum €5,000) (Bonkers.ie (comparison platform))
- Bank of Ireland offers 2.15% AER on a 1-year Advantage account and 3.00% on a 2-year term (Bank of Ireland savings press notices (official bank website))
- AIB’s 1-year rate is 2.00% AER with a €15,000 minimum (AIB (official bank website))
Which Bank has the best fixed term deposit?
What is the best 1-year fixed savings rate?
As of late 2026, the highest 1-year fixed term deposit rate available in Ireland is 3.26% AER through the Raisin platform (SmartSaver (savings comparison site)). For comparison, Bank of Ireland’s latest 1-year Advantage account pays 2.15% AER after its April 2026 increase (Bank of Ireland (official press release)), and AIB pays 2.00% AER on its 1-year product (AIB (official bank website)).
Which bank has the highest fixed deposit rates now?
Over longer terms, PTSB leads with 6.13% AER on a 3-year fixed deposit (€5,000 minimum) (Bonkers.ie (comparison platform)). For 2-year terms, AIB’s 4.55% gross return (2.26% AER) (AIB (official bank website)) and Bank of Ireland’s 3.00% AER (Bank of Ireland savings press notices (official bank website)) are the main options.
Three major providers, one clear pattern: PTSB wins on 3-year, Raisin wins on 1-year, AIB offers the best 2-year gross return.
| Provider | 1-year rate | 2-year rate | 3-year rate | Min deposit |
|---|---|---|---|---|
| Raisin (broker) | 3.26% AER | 3.26% AER | Varies | Varies by partner |
| Bank of Ireland | 2.15% AER | 3.00% AER | N/A | €5,000 |
| Permanent TSB | 2.00% | Not listed | 6.13% | €5,000 |
| AIB | 2.00% AER | 2.26% AER (4.55% gross) | N/A | €15,000 |
| EBS | Check CCPC tool | Check CCPC tool | Check CCPC tool | Varies |
Which Bank in Ireland gives the best interest rate?
Which 5 banks have the highest rate of interest?
- PTSB – 6.13% (3-year fixed)
- Raisin – 3.26% (1-year fixed)
- Bank of Ireland – 3.00% (2-year fixed)
- AIB – 2.26% AER (2-year fixed, 4.55% gross)
- EBS – rates vary; use CCPC tool for current numbers
These rates are sourced directly from each bank’s official pages and the CCPC comparison tool, ensuring you’re seeing verified current numbers.
What is the best account to put a large sum of money in?
Fixed term deposit vs lump sum savings account?
If you have €5,000 or more and don’t need access for a set period, a fixed term deposit typically pays higher interest than an easy-access lump sum account. The CCPC recommends using its comparison tool to see interest rates, terms, and key features side by side (CCPC (official consumer protection body)).
Minimum deposit requirements for top accounts
- PTSB: €5,000
- Bank of Ireland: €5,000
- AIB: €15,000 for fixed term deposits
- Raisin: varies by partner bank
The trade-off: a higher minimum deposit can block access to the best rates, so check your lump sum size before choosing.
What are the best fixed term deposit rates for over 60s in Ireland?
Bank of Ireland fixed term deposit rates for over 60s
Bank of Ireland offers specific products for customers aged 60+ with preferential rates — details are available on their press notices page (Bank of Ireland savings press notices (official bank website)). Other banks typically apply the same standard fixed term rates to all age groups, but always confirm directly or via the CCPC tool.
Do senior rates differ from standard?
Generally, senior-specific products are available but the difference is small. The CCPC lump sum comparison tool lets you filter accounts by product features, so it’s worth checking there.
Upsides
- Guaranteed interest for the full term – no market fluctuation risk
- Predictable returns – easy to plan
- Deposit Guarantee Scheme covers up to €100,000 per institution
- Higher rates than standard demand deposit accounts
Downsides
- Funds locked in – early withdrawal penalties apply
- DIRT tax (33%) on interest earned reduces net return
- Rates may not keep up with inflation
- Minimum deposits can be high (often €5,000–€15,000)
The catch: senior savers who can afford a longer lock-in may benefit most from the PTSB 3-year rate, while those needing flexibility should compare standard products.
Timeline: Recent rate movements
- – Bank of Ireland raises 12-month Advantage term deposit rate by 0.40%, from 1.75% AER to 2.15% AER (Bank of Ireland (official press release))
- – AIB updates its fixed term rates page, confirming current rates unchanged (AIB (official bank website))
- – Bank of Ireland introduces 3.00% 2-year fixed rate (Bank of Ireland savings press notices (official bank website))
The pattern: rates have been rising, but the gap between best offers remains wide across different terms.
Clarity check: What’s confirmed, what’s not
Confirmed facts
- Rates on AIB, Bank of Ireland, PTSB, Raisin as listed are current as of late 2026 (AIB official bank website, Bank of Ireland official press release)
- No 7% fixed deposit rate exists in Ireland (CCPC official consumer protection body)
- CCPC tool is the official way to compare lump sum savings (CCPC official consumer protection body)
What’s unclear
- Whether banks will raise rates further if ECB continues hiking
- Exact future rate changes
- EBS full rate table (not publicly listed in detail)
The implication: savers should focus on current rates rather than speculation about future moves.
Expert perspectives
We recommend using our comparison tool to find the best lump sum savings account for your needs.
– CCPC (official consumer protection body)
New 2-year fixed-term deposit rate of 3.00% (5.98% return over full 2-year term).
– Bank of Ireland press notice
The message from both the regulator and a major bank: compare directly using official tools, and don’t assume any single provider is best for every term.
moneyguideireland.com, aib.ie, pickthebank.eu, aib.ie, banks.eu, bankofirelanduk.com
Frequently asked questions
What is the minimum deposit for a fixed term account in Ireland?
Minimum deposits range from €5,000 (PTSB, Bank of Ireland) to €15,000 (AIB). Raisin’s minimum varies by partner bank. Always check the specific product terms.
How are fixed term deposit rates taxed in Ireland?
Interest earned is subject to Deposit Interest Retention Tax (DIRT) at 33%. The bank deducts this automatically before paying you the net interest.
Can I withdraw money early from a fixed term deposit?
Generally, early withdrawal incurs a penalty – often loss of some or all interest earned. Some banks may allow partial withdrawal but terms vary. Check the account’s terms and conditions.
What does AER mean on a fixed term deposit?
AER stands for Annual Equivalent Rate. It shows the annual interest rate including compounding, making it easier to compare accounts with different compounding frequencies.
Are fixed term deposits covered by the Deposit Guarantee Scheme?
Yes, fixed term deposits with Irish-authorised institutions are covered up to €100,000 per person per institution under the Deposit Guarantee Scheme (DGS).
How do I apply for a fixed term deposit account in Ireland?
You can apply online via the bank’s website or through a broker platform like Raisin. Most banks require a current account with them. The CCPC tool links directly to each provider’s application page.
For anyone sitting on a lump sum, the decision is clear: park it in the highest fixed term rate that matches your time horizon, or leave it in a demand deposit and watch inflation eat its value. Use the CCPC comparison tool now to lock in a rate before the next round of bank changes.
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