What is the interest rate on Bank of Ireland Advantage Fixed Term — 18 Months?
Bank of Ireland Advantage Fixed Term — 18 Months pays 2.24% AER. After 33% DIRT tax, the effective rate is 1.5%.
Bank of Ireland Advantage Fixed Term — 18 Months
2.24% AER - Fixed Term savings account from Bank of Ireland. 1.5% after 33% DIRT tax.
Account Details
- Interest Rate: 2.24% AER (1.5% after DIRT)
- Account Type: Fixed Term
- Access: Fixed for 1 year 6 months
- Minimum Deposit: €5,000
- Maximum Deposit: No maximum
- Deposit Protection: Irish DGS
- Provider: Bank of Ireland
Notes: Fixed for 18 months. 25% access permitted during term. Min €5,000.
Interest Calculator
Estimated annual interest at 2.24% AER:
- €5,000 → €112.00 gross (€75.04 after DIRT)
- €10,000 → €224.00 gross (€150.08 after DIRT)
- €25,000 → €560.00 gross (€375.20 after DIRT)
Use our savings calculator for detailed projections.
About Bank of Ireland
One of Ireland's largest banks.
Website: https://www.bankofireland.com/
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Frequently Asked Questions
Is my money protected with Bank of Ireland?
Yes, deposits are protected under Irish DGS. This covers up to €100,000 per person per institution.
How do I open this account?
Visit Bank of Ireland's website or branch to apply. You'll typically need ID and proof of address.
Can I withdraw early from a fixed term account?
Fixed term accounts typically don't allow early withdrawals, or may charge penalties. Fixed for 1 year 6 months. Check the specific terms before opening.
Do I have to pay tax on the interest?
Yes, interest is subject to 33% DIRT (Deposit Interest Retention Tax). Check with the provider whether DIRT is automatically deducted.
More Information
- Compare all savings accounts: https://smartsaver.ie/savings
- All Bank of Ireland accounts: https://smartsaver.ie/savings/provider/boi
- Savings calculator: https://smartsaver.ie/savings/tools/savings-growth
- Bank of Ireland website: https://www.bankofireland.com/