Demand Deposit Account

Every business needs to dip into its savings at some stage. A Demand Deposit Account with AIB means that you can earn interest on your savings and still have access to them whenever you need.

How Demand Deposit Accounts Work:

• The account can be opened easily.
• There is no minimum balance required and no maximum limit.
• Variable rate of interest paid twice yearly in April and October.
• You can access your account through over-the-counter transactions, and cash withdrawals from a branch other than your own, can be easily arranged
• Interest on a Demand Deposit Account will be liable to DIRT, where applicable, at the prevailing rate (for more information please visit www.revenue.ie).
• View Deposit Interest Rates in our Related Information section

Benefits of a Demand Deposit Account:

• There is no minimum deposit amount required.
  
• Demand Deposit Accounts have a variable interest rate, which is paid on all credit balances.
  
• You have instant access to your business funds. No notice is required for a withdrawal.
  
• Demand Deposit Accounts provide you with a permanent, detailed record of every financial transaction, which is supported by hard copy statements at a frequency that suits you.

Lodgements & Withdrawels

• Lodgements can be made by paper based lodgement or credit transfer via AIB's iBusiness Banking (iBB).
• You have flexibility to withdraw money from this account at any time and there is no limit on the size of the withdrawals.

How to open a Demand Deposit account

• All businesses can open a demand deposit account.
• Call into any branch to complete an Demand Deposit Account application form.
• Normal business account opening procedures apply - please see our related information section

Important / Regulatory Wording

Terms and conditions apply.

• Terms and Conditions for Current Accounts and Demand Deposit Accounts

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