Deposit Account Interest Rates
From 17 September 2025, the variable interest rates on our savings accounts will be reduced. This follows the recent decision by the Bank of England to reduce the base interest rate. You can find out more on our dedicated Interest Rate Changes page.
Demand Deposit Account (Instant Access)
Effective from close of business 26.10.23 Interest is payable annually.
| Current Gross*/AER** | |
|---|---|
| All balances | 2.25% |
| Demand Deposit Account (Instant Access) has a variable rate (can change from time to time) | |
Fixed Rate Saver
Effective from close of business 25.06.25. Interest is paid annually/ on maturity.
| Current Gross* | Current AER%** | Current Fixed Gross Return Rate | |
|---|---|---|---|
| 6 Month term rate | 3.50% | 3.53% | 1.74% |
| 12 Month term rate | 3.85% | 3.85% | 3.85% |
| 2 Year term rate | 3.65% | 3.65% | 7.43% |
| Fixed Rate Saver is a fixed term deposit account (rate is fixed for the duration of the term). | |||
Savings Direct - Variable Rate Accounts
Interest is payable annually in April.
Rate bands are between £1 to £1,000,000.
Effective from close of business 26.10.23
Product |
Current Variable Rates. Gross*/AER** |
Savings Direct Easy Access – Issue 1 |
2.25% |
Savings Direct Easy Access – Issue 2 |
2.25% |
Savings Direct Easy Access – Issue 3 |
2.25% |
Savings Direct 7 Day Notice – Issue 1 |
2.25% |
Savings Direct 7 Day Notice – Issue 2 |
2.25% |
Accounts no longer available to open
Savings Direct Fixed Rate Bonds
Rates are effective from close of business 07.07.25. Interest is payable annually/ on maturity.
Rate bands are between £5,000 to £2,000,000.
| Product | Current Fixed Rates Gross%* | Current Fixed Rates AER%**
|
Current Fixed Gross Return Rate
|
Savings Direct 1 Year Fixed Rate Bond |
3.85% | 3.85% | 3.85% |
Savings Direct 2 Year Fixed Rate Bond |
3.65% | 3.65% | 7.43% |
Available to Existing Customers only.
Fixed Rate Bonds are fixed term deposit accounts (rate is fixed for the duration of the term).
*Gross stands for contractual rate of interest payable before the deduction of income tax at the rate specified by law.
**AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
The Allied Irish Bank (GB) Base Rate can go up or down. The Allied Irish Bank (GB) Base Rate is typically the same as the Bank of England Base Rate, although this may not always be the case. Deposit accounts with a rate of interest linked to the Allied Irish Bank (GB) Base Rate will move in accordance with our base rate changes.
All rates are variable (can change from time to time) unless stated otherwise.
From the 6 April 2016 credit interest on all accounts will be paid gross (under new legislation tax will not be deducted when credit interest is paid). If your credit interest is more than your Personal Savings Allowance you may still have tax to pay. Please see www.gov.uk for information on the Personal Savings Allowance or speak to a tax advisor.
Before entering this site please take time to read our Site Legal Notice, Privacy and Cookie Statements. By proceeding further you are deemed to have read and accepted our Site Legal Notice and Privacy Statement.
AIB Group (UK) p.l.c. is covered by the Financial Services Compensation Scheme, Financial Ombudsman Service and is a Registered Firm with The Lending Standards Board.
The AIB logo, Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings Direct are trade marks used under licence by AIB Group (UK) p.l.c. incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.