Best Fixed Deposit Account
Fixed deposit accounts are savings account that locks in your money at a set interest rate for over a fixed period of time from 12 months, 2 years, 3 years, 5 years and can go up to 10 years. The set interest rate is dependent on the term of the deposit. If you withdraw your deposit before maturity, you may penalised.
Fixed Deposit Terminologies
Fixed Term Deposit Account: is an interest bearing account held at a financial institution or financial platform.
Interest rate: credit payment made into an account by a financial institution over a period of time.
AER: Annual Equivalent Rate is the amount of interest earned in a year.
Deposit Guarantee:.
DIRT: This is the interest you a savings account earns on the initial deposit plus the interest earned that accumulates over time.
Early Withdrawal Charge:
List of Fixed Deposit Account
Best 12 Months Fixed Deposit
Best 2 Year Fixed Deposit
Best 3 Year Fixed Deposit
Best 4 Year Fixed Deposit
Best 5 Year Fixed Deposit
Best 10 Year Fixed Deposit
Click here for best fixed deposits in UK and Northern Ireland
Ireland State Savings
State Savings
Overview:
- Owned by the Irish Government and managed by the National Treasury Management Agency (NTMA)
- When you purchase this product, you are investing in the Irish Government
- They offer short, medium and long term savings plan for everyone and in every stage of life including children.
- Products include fixed term savings products, prize bonds, regular savings account and deposit accounts
Raisin Bank
Fixed Term Deposit
Overview:
- Raisin Bank is a Europe’s Savings Platform which gives investors access to high interest rates from partner banks across Europe.
- Manage investments in multiple banks on one single platforms.
- May incur additional withholding tax depends on the country
- Consider the country ratings of the individual banks you decide to invest in.
AIB
Personal Fixed term Deposit Account
Overview:
- Only 1 year term available.
- You can open a fixed term deposit with your name or share with someone else.
Trade Republic
Savings Plan
Overview:
- Build wealth with free savings plan.
- Invest automatically in stocks, ETFs or crypto and benefit from long-term growth
Permanent TSB
Revolut Personal Loan
Overview:
- Get immediate online loan decisions.
- Link your personal bank account to Revolut to get a personalised offer.
Bank of Ireland
Revolut Personal Loan
Overview:
- Get immediate online loan decisions.
- Link your personal bank account to Revolut to get a personalised offer.
Frequently Asked Questions
How Does Fixed Deposits Work?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Key Features To Look Out For In Fixed Deposits?
Are Fixed Deposits Taxable?
Except for Ireland State Savings products which are tax free, interests on fixed deposits are taxable at 33%. It is called DIRT.