Put your savings to work for a defined period.
Fixed-term deposits can provide certainty over the interest rate you will receive. They may suit money you do not need for day-to-day expenses or immediate plans, provided you are comfortable committing it for the agreed term.
How fixed-term deposits work
You place money with a deposit-taking financial institution for an agreed period at a stated interest rate. At maturity, the institution repays the deposit in accordance with the product terms, together with any interest due.
Interest may be paid at maturity, annually or on another schedule. Access before maturity can be restricted, unavailable or subject to a penalty.
What we help you compare
- The financial institution accepting the deposit
- The fixed interest rate and how it is calculated
- The deposit term and maturity date
- Minimum and maximum deposit amounts
- Currency and potential foreign-exchange exposure
- Interest-payment arrangements
- Early-access rules
- Renewal or maturity instructions
- Applicable charges
- Whether a statutory deposit guarantee scheme applies
Understanding deposit protection
Deposit protection is attached to the eligible deposit and the institution accepting it — not to Wolstan.
For eligible deposits with participating Irish institutions, the Irish Deposit Guarantee Scheme generally protects up to EUR 100,000 per person, per institution. A deposit with an institution in another country may instead fall under that country's statutory scheme and limits. Multiple brands can sometimes operate under a single banking licence, which may affect the total protection available.
We provide information about the applicable statutory protection scheme before a deposit is placed.
Looking for a better return on your cash?
Speak with us about your savings, how long you can commit them and the deposit options currently available.