Term Deposit Accounts
Our Term Deposit Accounts give you the option of investing surplus money for a definite period of time, all the while receiving a higher rate of interest. This is ideal to assist you in growing your wealth and planning for your future financial needs.
How do they work?
- Once you deposit money in a Term Deposit Account, that money cannot be used or withdrawn before the agreed date
- This account gives you very attractive interest rates, calculated on a daily basis
- A choice of terms, ranging from one month to three years, is available to suit a range of needs
Good to know! On terms of up to 12 months, interest is usually paid on maturity - though interest may be paid monthly upon request. For terms exceeding 12 months, interest is usually paid annually.
How do I open an account?
Before opening an account for you, suitable documentation will be required to enable us gather sufficient information for us to understand your financial dealings with the Bank and the purpose for which you intend to use the account. By way of basic requirement we would need to identify you. The additional documentation necessary depends on your specific circumstances. A minimum initial deposit of €2,000 (or the equivalent in another currency) is required to open a term deposit account.