Breaking News
AIB Launches New 31 Day Notice Deposit Account for Business Customers
AIB has launched a 31 Day Business Notice Deposit which is now available to all business customers at a variable rate of 1.5% AER (Annual Equivalent Rate). This new product meets an important need of business customers seeking a higher return with the flexibility to access funds by providing 31 days’ notice to withdraw.
Research undertaken by AIB early this year among business customers highlights that 90% have yet to open a deposit account that will give them a better return on their money. A key barrier identified was the need to access their cashflow and not lock money away for longer terms.
However, 73% of businesses would consider depositing funds at one month’s notice if there was a clear benefit, showing interest among business customers for a 31 Day notice offering. The new 31 Day Business Notice savings product is available in 170 AIB branches around the country, with deposit specialists available to engage with customers, or where an existing customer has a relationship manager. The product is available to both new and existing AIB customers. With no minimum or maximum balances for this account, customers can add funds as many times as they wish.
Geraldine Casey, Managing Director of Retail Banking said “We have launched this product to provide increased optionality for our business customers to earn a return on their surplus cashflow. This 31 Day Notice Deposit gives customers the option to earn a higher return on their funds, with a rate of 1.5% AER, but maintains flexibility to access funds with 31 days’ notice which is key in an uncertain operating environment. We encourage customers to review our full range of Demand and Fixed Term offerings.”
In addition to the new 31 Day Business Notice account, AIB also offers the following deposit products and returns for business customers:
- Demand Deposit Account (0.25% AER)
- Business Fixed Term Deposit Account, with three available terms
- 6 Month Term (1.50% AER / 0.75% gross return at maturity)
- 1 Year Term (2.50% AER / 2.50% gross return at maturity
- 2 Year Term (3.02% AER / 6.09% gross return at maturity)
People In This Post
Companies In This Post
- Tencent Cloud Powers iyzico’s European Expansion with Secure, Scalable Payment Infrastructure Read more
- GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets Read more
- The Paytech Magazine Issue #18 Read more
- Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox Read more
- Apex Group Unveils New Research on AI Adoption Across Private Credit Read more
Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox
Napier AI, a global leader in AI-powered financial crime compliance solutions, announces its latest AI innovations are available in product Insights AI, a new capability within their Transaction Monitoring solution designed to close critical gaps in anti-money laundering (AML) investigations. This follows extensive testing in the Financial Conduct Authority (FCA) Supercharged Sandbox.
PayQuicker Launches 1099 Solution Powered by Avalara
PayQuicker, a global payouts and financial technology company, today announced the launch of its new 1099 tax reporting solution, powered by Avalara, the agentic tax and compliance leader. The new offering helps businesses simplify and automate 1099 reporting while reducing compliance risk and administrative burden.
Loan Servicing Enters the AI Agent Era as Chaseit.ai Scales Toward 30,000 Calls a Day
Loan servicing, long one of the most manual and operationally intensive areas of financial services, is beginning to shift as AI voice agents move from pilots into live production environments.
Network International and ADCB Egypt launch Egypt’s first Transactional Fraud Solution Powered by Artificial Intelligence with FICO’s Advanced Analytics
Network International (Network) (www.Network.ae), a leading fintech company in the Middle East and Africa, and ADCB Egypt - part of the Abu Dhabi Commercial Bank Group, one of the UAE’s foremost financial institutions - have launched FICO® Falcon® Fraud Manager.
Empower Federal Credit Union Expands Partnership with Alkami by Selecting MANTL to Power Omnichannel Growth
Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a digital sales and service platform provider for financial institutions in the U.S., today announced that Empower Federal Credit Union (Empower FCU) has selected MANTL’s Onboarding & Account Opening Solution to modernize its retail and business account opening experience. By expanding its partnership with Alkami, Empower FCU is accelerating member growth and advancing its omnichannel strategy.
AI Is Not an IT Project: Trustpair Appoints First Chief AI Officer to Scale Enterprise Adoption
As most enterprises struggle to move AI past the pilot stage, Trustpair, the leading vendor fraud prevention platform for global enterprises, is making a different bet: dedicated executive leadership. Today, the company announced the appointment of co-founder Simon Elcham as Chief AI Officer (CAIO) and the formalization of its companywide AI governance model. The newly created role elevates Elcham, co-founder and former CTO, to lead a structured, cross-functional AI strategy grounded in Trustpair's core belief that technology alone cannot drive AI adoption.
Experian and OpenAI Launch the UK’s First Credit Score App Inside ChatGPT
Experian today announced the launch of the UK’s first ever credit score app within ChatGPT apps
Tencent Cloud Powers iyzico’s European Expansion with Secure, Scalable Payment Infrastructure
At Mobile World Congress (MWC) 2026, Tencent Cloud, the cloud business of global technology company Tencent, announced a collaboration with iyzico, a leading Turkish fintech company, to support iyzico’s European expansion and the launch of its first cloud-based production platform in the region. Built on Tencent Cloud’s IaaS infrastructure, the deployment reflects its growing role in supporting regulated financial institutions across Europe’s fintech ecosystem.
GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets
With a vision to develop India-built data and AI platforms for global deployment, GTT Data Solutions Ltd (“GTT”), a BSE-listed global data engineering and AI platform company, has integrated Insurants AI Limited, a specialist in insurance data intelligence, analytics, and harmonisation that focuses on enabling intelligent data management, automation, and decision intelligence for enterprises across insurance, banking, and other highly regulated sectors. This move strengthens GTT’s insurance technology capabilities across the U.S., UK, Europe, India, and APAC, positioning the company as a provider of next-generation insurance data and intelligence solutions.
The Paytech Magazine Issue #18
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox
Napier AI, a global leader in AI-powered financial crime compliance solutions, announces its latest AI innovations are available in product Insights AI, a new capability within their Transaction Monitoring solution designed to close critical gaps in anti-money laundering (AML) investigations. This follows extensive testing in the Financial Conduct Authority (FCA) Supercharged Sandbox.
Apex Group Unveils New Research on AI Adoption Across Private Credit
Apex Group Ltd. (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, has published AI-powered private credit, a new research report examining how artificial intelligence is being adopted across private credit operations globally, and where the industry’s most significant opportunities and challenges lie.
PayQuicker Launches 1099 Solution Powered by Avalara
PayQuicker, a global payouts and financial technology company, today announced the launch of its new 1099 tax reporting solution, powered by Avalara, the agentic tax and compliance leader. The new offering helps businesses simplify and automate 1099 reporting while reducing compliance risk and administrative burden.
Loan Servicing Enters the AI Agent Era as Chaseit.ai Scales Toward 30,000 Calls a Day
Loan servicing, long one of the most manual and operationally intensive areas of financial services, is beginning to shift as AI voice agents move from pilots into live production environments.