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No businesses are the same and we understand the importance of flexibility and convenience when it comes to managing your business finances. With our Business Demand Deposit Account, you’re free to withdraw from your business savings account whenever you like.

Business Demand Deposit Interest Rate

Savings Gross Rate Gross Return AER
€0.00+ 1.00% Variable 1.00% Variable 1.00% Variable 

Business customers are limited to one Demand Deposit Account per business/customer and the maximum balance allowed is €2,000,000.

View and compare more Interest Rates.

Features and Benefits

  • Instant Access: When you open a business Demand Deposit account, you can access your savings instantly by attending any branch or through Business24 Online Banking or Telephone Banking.

  • Flexibility: Save as much or as little money as you like, whenever you want. Whether it's monthly payments, lump sums, or both. You're in control of your savings. 

  • Convenient banking: Manage your account by making transfers to or from your Business Current Account or a suitable Deposit Account by attending any branch or through Business24 Online Banking, or Telephone Banking.

 

 

Understanding the Account

  • You’ll receive your interest, minus DIRT (Deposit Interest Retention Tax), on the first working day after 20 November each year. A variable rate means that your interest may change from time to time.
  • Annual Equivalent Rate (AER) illustrates what the interest would be if interest was paid and compounded each year. Our AER calculation assumes that the account is held for a year and that the interest rate remains constant.
 
 
 

Terms and Conditions | More information.

Important information

Direct Debits and Standing Orders cannot be set up on Savings and Deposit Accounts.

 

How to open an Account

You can only open this account by attending one of our branches. It cannot be opened online or in-app.

To get started, call us on 0818 200 100 or 01 215 1363 (from aborad) to arrange an appointment. Lines are open 9am to 5pm Monday to Friday (excluding Bank Holidays). 

View documents needed to open an account.

 

Call 0818 200 100

 

Want to close your Account? 

To close your account, you will need to visit a branch with valid photo ID. Acceptable forms of ID.

Business Deposit Interest Rates

Our interest rates that currently apply to our range of Business Deposit Accounts.

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