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:
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Existing Rates
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Rates from 5 June 2025
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| Fixed-term return | AER | Fixed-term return | AER | |
| Advantage 12-Month Fixed Term | 1.99% | 2.00% | 1.74% | 1.75% |
| Advantage 18-Month Fixed Term | 3.73% | 2.48% | 3.36% | 2.24% |
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