Got a lump sum and don’t know what to do with it? We can help! We've got a range of fixed term deposit accounts with terms from 3 months to 5 years so you can choose the best term for your needs.
Our fixed term deposit accounts earn you a competitive fixed rate. See below for our rates:
|Term||Required balance||Gross interest rate||Gross return||AER|
At the end of your fixed term when your account matures, you can withdraw your savings and interest, minus DIRT (Deposit Interest Retention Tax). You can access your money at any time should you need it, however an early withdrawal charge will apply.
If you change your mind, you can withdraw some or all of your account balance up to 14 calendar days from investment date, without charge.
If we don’t hear from you before your fixed term account matures it automatically converts to the Instant Access account for matured fixed term deposits until instructions are received from you. This will be at a variable interest rate which is currently 0.05% Gross/AER, You can find out more about our interest rates in any of our branches or online.
Not sure which account is right for you? Let us help you with that.
What would you like to do with your account? What would you like to do with your account? Do you have a lump sum or would you like to save towards one? Close
How much will you place on deposit? How much will you place on deposit? What lump sum would you like to invest Close
How much will you save each month? How much will you save each month? How much would you like to save monthly Close
How would you like to draw down your money? How would you like to draw down your money? This affects when you will have access to your funds Close
How would you like to open your account? How would you like to open your account? You can open your account online or in your local branch Close
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The above calculation is based on a set of assumptions (see below) and is intended to provide you with a guide as to the potential gross interest return that may be applicable. The actual return that you receive may vary from this calculation where your account does not operate as per these assumptions.
* Annual Equivalent Rate (AER) illustrates what the interest would be if interest was paid and compounded each year. Our AER calculation assumes that the account is held for a year and that the interest rate remains constant.
** Gross Return Interest is calculated daily and payable at the end of the term for a fixed term deposit account or annually at the relevant interest payment date for a demand/ notice variable rate account. The interest payable assumes that the lump sum is invested for the full fixed term period or a full year (365 days), as appropriate to the account type.
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