Fixed term deposits: Up to 2.75% AER

Looking for a low-risk investment with fixed interest rates?

✓ Grow your savings with guaranteed returns

✓ Explore deposit accounts from European banks on one secure platform

✓ Easily compare fixed-term savings offers and start earning more

Start saving now!

An offer from Raisin Bank AG trading as Raisin.ie.

A safe way to grow your savings

Fixed term deposits offer Irish savers low-risk, guaranteed returns
Your savings grow at a fixed rate over a set period
No exposure to market volatility or fluctuations
Choose terms from 3 months to 10 years
Your funds are protected—up to €100,000 per bank
Compare top offers from banks across Europe in one place

Deposit accounts could be right for you if…

Prefer guaranteed returns
Want to lock in a competitive interest rate for a set period
Are saving for a specific goal—from a holiday to a house deposit
Don’t need immediate access to your savings
Value financial security and predictable growth
Want a hands-off way to earn more on your money

Our most popular offers

Compare our top deposit accounts

Frequently asked questions

What timeline should I consider for my deposit account?

The right term length for you will depend on whether you're saving for something in particular (for example, a wedding) or you simply want to save money in the long term. If you're happy that you can afford to keep a lump sum locked away (with no access to the money until the savings account has matured) then you could consider 1, 2, 3, 4 or 5 year fixed term deposit accounts - or even longer.

In Ireland, An Post Savings typically offers some longer term options with their top rate, on the 10 year National Solidarity Bond. However, if you’re looking for more flexibility to manage your money and a shorter time frame, Raisin Bank offers the most competitive rates on the market, with a market-leading rate of 2.50% AER on 1 year fixed term deposits and 2.60% AER on 2 year products.

How do I find the best fixed term deposit account for me?

In the table above, we’ve made it easy to help you find the perfect balance between rate and duration. Based on your own needs, you can simply sort the table by top rate, duration, or even country rating to find the perfect term deposit for you.

When is interest paid out on deposit accounts in Ireland?

On deposit accounts, often, the interest is paid out upon maturity, meaning at the end of the fixed duration, but this can vary depending on the individual offer. You can check the terms of each individual offer by clicking “Product details” in the table above and looking at the details under “Interest payout”.

How safe is a term deposit?

Term deposits are considered a low-risk form of investment. In the EU, investments in term deposits are subject to statutory deposit protection. Money invested in a term deposit is therefore protected up to EUR 100,000 per customer and bank. If the currency of the deposit protection fund is a foreign currency, the protection is in the foreign currency. The protection limit may then depend on the current exchange rate.

Deposit protection is designed to ensure that the money invested is protected up to a certain amount, even if the bank becomes insolvent. In addition to regulation, many banks pay money into a private deposit guarantee fund. This has the advantage that the protection can exceed €100,000.

How are the products with Raisin Bank taxed?

As a resident of Ireland, you will have to declare the interest earned on the deposit accounts you order through Raisin Bank when filing your income tax return.

Depending on the product’s country of origin, it is possible this country will apply a withholding tax to the interest generated. However, in most European countries, you will be able to claim back this withholding tax by sending us a certificate of tax residence in Ireland. For countries where the withholding tax cannot be claimed back, you will be able to compensate for the amount when filing your annual tax return in Ireland. You will therefore never be taxed twice on the interest earned through Raisin Bank’s products.

To find out more about how the products you take out with Raisin Bank are taxed, consult our tax guide.

Do Raisin Bank's services have a cost?

No, the services offered by Raisin Bank are free of charge. This includes opening and maintaining your Raisin Account, managing your international bank transfers (in euros), confirming your balance, sending statements, as well as our Customer Service in English. The opening and maintenance of term deposits with our partner banks are also free of charge.

Raisin Bank receives a commission from its partner banks for the savings intermediated. This income enables Raisin Bank to offer you their services completely free of charge.

Why save with Raisin Bank?

Easy

A single login provides access to over 100 savings accounts from more than 25 banks across Europe. With no fees, saving with Raisin Bank is online and hassle-free.

Flexible

Whether you want to lock your money away at a fixed rate, or have easy access to your savings whenever you need them, we have savings accounts to suit you.

Secure

All of our savings accounts are secured by European Deposit Guarantee Schemes, allowing you to choose between competitive interest rates with peace of mind.