Permanent TSB Review, Offers, Rates & Alternatives
Permanent TSB (PTSB) is Ireland's third pillar bank, offering current accounts, savings, mortgages, and personal loans. It is known for competitive savings rates and has been growing its market share following KBC and Ulster Bank's exit from Ireland.
Live offers
- PTSB Mastercard
- PTSB Pension Plan
- PTSB Regular Saver
- PTSB Fixed Term Deposit
- PTSB 3-Year Fixed Mortgage IE
| Products | Current accounts, savings, mortgages, personal loans |
|---|---|
| Best for | Irish savers who want competitive savings rates and a full banking service |
| Formerly | Irish Permanent (IPBS) merged with TSB Bank in 2001 |
| Current account | PTSB Explore Account — €8 a month |
| Savings | Regular Saver up to 2.00% AER; 1-year fixed term deposit 3.10% AER from €1,000 |
| Mortgages | 3-year fixed 3.85% (70% LTV); 5-year fixed 4.20% up to 90% LTV |
| Deposit protection | Irish Deposit Guarantee Scheme — up to €100,000 |
| Alternatives | Bank of Ireland, AIB, An Post Money |
Best for
- Irish savers seeking competitive savings rates from a pillar bank
- Former KBC/Ulster Bank customers looking for a new Irish bank
Not ideal for
- Rural users — PTSB has fewer branches than AIB or Bank of Ireland
PTSB savings and term deposits
PTSB's live savings listings on Giraffy.
- PTSB Regular Saver: up to 2.00% AER, instant access, monthly deposit limits apply
- PTSB Fixed Term Deposit: 3.10% AER for 1 year, minimum €1,000
- Protected by the Irish Deposit Guarantee Scheme up to €100,000
Best for: Savers who want to keep everything with an Irish pillar bank.
PTSB mortgages
PTSB lists fixed-rate mortgages for movers and first-time buyers.
- 3-year fixed at 3.85% (70% LTV)
- 5-year fixed at 4.20%, up to 90% LTV, with first-time buyer cashback
- Rate discounts for PTSB current account holders
PTSB loans and credit card
PTSB's borrowing products on Giraffy.
- Personal loan at 7.5% APR, €2,000–€65,000 over 1–5 years
- Car loan at 9.1% APR representative, up to €65,000
- PTSB Mastercard: €0 annual fee, 22.8% APR, 0% balance transfers for 6 months
Permanent TSB vs alternatives
Permanent TSB vs Bank of Ireland
Widest branch and ATM network. PTSB vs BOI: BOI has more branches. PTSB often has better savings rates. Compare on Giraffy.
Permanent TSB vs AIB
Most branches in Ireland. PTSB vs AIB: AIB has more branches. PTSB is competitive on savings and mortgages.
Permanent TSB in Ireland — FAQ
Is Permanent TSB good?
PTSB is Ireland's third pillar bank and has been growing since KBC and Ulster Bank left Ireland. Compare savings and mortgage rates with AIB and Bank of Ireland on Giraffy.
Is PTSB the same as Irish Permanent?
Yes. Permanent TSB was formed in 2001 when Irish Permanent (formerly the Irish Permanent Building Society, IPBS) merged with TSB Bank. It now trades as PTSB.
What savings rates does PTSB pay?
On Giraffy, the PTSB Regular Saver is listed at up to 2.00% AER with instant access, and the 1-year PTSB Fixed Term Deposit at 3.10% AER from €1,000. Non-bank providers such as Finance Ireland list a 1-year fixed rate of 3.50% AER, so compare savings accounts across Ireland before you commit.
How much does the PTSB current account cost?
The PTSB Explore Account is listed at €8 a month and comes with a Visa debit card. Compare it with AIB, Bank of Ireland and fee-free digital banks on Giraffy's bank accounts page.