Advantage Fixed Term Deposit Account

Got a lump sum? Now you can earn up to 2.24% AER fixed interest* on your funds, simply by switching your savings to our Advantage Fixed Term Deposit Account, giving you a better return on your lump sum and your future long term savings. This savings account is easily accessible, can be managed online and offers security for your money with a fixed rate of interest.

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Features and Benefits

Lump Sum Savings Account

At particular times in your life you may find that you have a sum of money you can put away. It could be a lump sum received through inheritance, retirement or even from savings built up over the years. One option for such a lump sum deposit is a Fixed Term Deposit Account. It offers security for your money with a fixed rate of interest.

Features of the Advantage Fixed Term Deposit Account

  • Apply online in minutes
  • Term(s) available: 6, 12 and 18 Months
  • Fixed rate of interest. Annual Equivalent Rates (AER) are quoted based on a 365 day calendar year
  • Interest is subject to Deposit Interest Retention Tax at the prevailing rate
  • Interest paid at the maturity of the account
  • Single lodgement only. Apart from the initial lodgement you cannot make other payments to the account
  • Minimum lodgement €5,000, no maximum lodgement
  • Withdrawal of 25% access permitted during the term
  • Available to new and existing personal funds to the Bank of Ireland Group

We will contact you before the end of the term to advise you of your maturity date and invite you to discuss your savings options with one of our Advisers. At the end of the term, if we have not received instructions from you, the full balance in the account will be re-deposited in our Variable Rate Call account at the prevailing variable interest rate.

AdvantageFixed Term Return (interest paid at maturity)AER Fixed
6 Month 25% access0.74%1.51%
12 Month 25% access1.74%1.75%
18 Month 25% access3.36%2.24%

For further information regarding product options and interest rates applying to deposits in excess of €1m, please contact your relationship manager or a staff member at your branch.

*Annual Equivalent Rates (AERs) are quoted on a 365 days calendar. Terms are calculated in weeks. Interest is subject to Deposit Interest Retention Tax at the prevailing rate.

To find out more about the product, download our information sheet.

If your fixed term product is due to mature soon

If you have received notification that your funds are maturing, you can complete the form below now and up to 30 days after your maturity date.

Please complete if you want to re-deposit the full amount for a new term or notice product. You’ll need to visit us in branch if you want to re-deposit only a partial amount or call us on 0818 365 254 Monday – Friday 9am – 5pm.

Term Deposit Maturity Instruction Form

How to Apply

It’s never been easier to apply for a Bank of Ireland Savings Account. You can apply for a Advantage Fixed Term Deposit Account in minutes. You can also book an appointment in a Bank of Ireland branch to apply for a Advantage Fixed Term Deposit Account


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Please note you will be asked to provide proof of PPSN. If you are unable to provide this during the online application, you can provide it in branch instead at a time of your convenience.

Bank of Ireland customers

Apply online in minutes

Make sure to have the following details ready if you are a Bank of Ireland customer, as you’ll need to provide them during the application:

  • Your 365 Online User ID.
  • Your IBAN.
  • Make sure you have your Bank of Ireland current account and Branch Sort Code ready as you proceed with the application.

Non Bank of Ireland customers

Apply online in minutes

Make sure to have the following documents ready if you’re not a Bank of Ireland customer, as you’ll need to upload them during the application:

  • Your passport.
  • A document to verify your address, for example your current account bank statement (from any Irish bank) or a utility bill.
  • A selfie or a second document to verify your identity, for example your driving licence (IRL or UK).