What interest rate does the Bank of Ireland UK Limited Edition Fixed Term Deposit 12 Months pay?

The Bank of Ireland UK Limited Edition Fixed Term Deposit 12 Months pays 4.50% AER, fixed for one year.

How much interest could I earn?

Saving £10,000 for 1 year would earn about £450 at 4.50% AER. This assumes the rate stays the same and interest stays in the account.

How much can I pay in?

You can deposit at least £2,000 and up to £5,000,000.

Can I withdraw my money?

No. Your money is locked in until the fixed term ends, so only put in what you won't need before then.

When is interest paid?

Interest is paid at the end of the term.

Who can open this account?

New and existing Bank of Ireland UK customers can open it. You can open it online, in branch or by phone.

Is my money protected?

Yes. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person, per banking licence.

How does it compare with other one-year fixed rate bonds?

At 4.50% AER it ranks 39th of 77 one-year fixed rate bonds we track. The best pays 5.15% and the average is 4.56%.

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Bank of Ireland UK Limited Edition Fixed Term Deposit 12 Months Review

A one-year fixed rate bond from Bank of Ireland UK, with a £2,000 minimum deposit. It ranks 39th of 77 one-year fixed rate bonds we track.

Rate checked Oct 2026Got this account? Leave a review

Fixed rate · 1 year

4.50%AER

Rate checked Oct 2026Got this account? Leave a review

Protection

FSCS£120,000

Min balance

£2,000

Max balance

£5,000,000

Access

At maturity only

Interest paid

On Maturity

How It Stacks Up

Ranks 39th of 77

1-year fixed bonds we track

Just below average

This account 4.50%

UK CPI (Aug 2026): 3.10%; Pays 1.40% more
Average 1-year fixed: 4.56%; Pays 0.06% less
Best 1-year fixed: 5.15%; Pays 0.65% less

Inflation: ONS. Averages and best rates: accounts on DepositScout.

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A Good Fit For

Pro: New and existing savers

Worth Weighing Up

Con: Your money is locked in for 1 year
Con: You need at least £2,000 to open it

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Estimated returns with Bank of Ireland UK's Fixed Rate

What you could earn with Bank of Ireland UK's Limited Edition Fixed Term Deposit 12 Months.

Estimated interest

£5,000 saved

£225

At 4.5% AER

£10,000 saved

£450

At 4.5% AER

£50,000 saved

£2,250

At 4.5% AER

£5,000,000 saved

£225,000

At 4.5% AER

Estimated over one year, if the rate stays the same and interest is left in. Amounts outside the account's minimum or maximum aren't shown.

Work out the tax on your interestSee how much of this interest could be taxed.

Our Expert Opinion on Bank of Ireland UK Limited Edition Fixed Term Deposit 12 Months

Jonny PeaseCo-Founder, DepositScout

Bank of Ireland UK's one-year fix pays 4.50%, which is below the market average for fixed-rate accounts and sits 0.87% behind the category leader at 5.37%, so I would not call this a standout rate. It does beat CPI inflation of 3.1% by 1.40%, which at least preserves real purchasing power. The real catch is that your money is completely locked away until maturity, with no withdrawals or early closure permitted. If you want a one-year fix, OakNorth Bank's Fixed Term 12 Months at 4.82% looks worth a look first.

Compare Fixed Rate Bonds