The offering complements Allied Irish Banks’ (AIB) existing ‘Online Personal Savings Plan’ which is geared towards the regular monthly saver. Both of these online accounts offer an alternative to customers who prefer to do their banking online instead of through their local branch.

Hugh O’Keeffe, head of resources strategy and products at AIB, said: Our new ‘Online seven-day Notice Deposit Account’ puts customers in control of their money giving them the convenience of operating their account completely through AIB internet banking.