Bank of Ireland to reduce interest rate on 12 and 18-month term deposits by 0.25%

3 June 2025 – Bank of Ireland is reducing the interest rate on its 12 and 18-month fixed-term deposits by 0.25%.

The changes, which take effect from Thursday 5 June 2025, are set out below:

There are no changes to any other savings accounts, including SuperSaver, our most popular choice for new regular savings, which continues to offer a 3.00% AER for 12 months.

Customers who are in the process of opening new 12- or 18-month fixed-term deposit accounts can still avail of the current rates if they open their account by the close of business on 4 June.

Existing fixed-term deposit account customers will continue to earn interest at their original rate until the end of their term.

Up to 25% of funds can be accessed during the term of an Advantage Fixed-Term Deposit Account.

ENDS

Note to Editors

The ECB has lowered interest rates by a cumulative 1.75%. In the same period, Bank of Ireland has reduced its 12 and 18-month term deposit rates by a total of 0.75% including the changes announced today.

The rates on all the following Bank of Ireland savings accounts have remained unchanged over that period:

• SuperSaver (regular savings) account
• MortgageSaver (regular savings) account
• GoalSaver (regular savings) account
• Advantage 6-Month Fixed Term deposit account
• Notice Deposit account
• Instant Access Demand account