You can now create a Vault that lasts anywhere from 12 months to 24 months, with a rate based on the duration of your Vault.
You choose the exact date you want your Vault to mature, allowing for better planning for any future goals or events you have.
The table below shows the rates for our three default options offered during setup and gives a good guide on the rate growth depending on your Vault duration.
Fixed Term Length | Nominal Annual Return (Paid Daily) | Annual Yield (APY) |
12 Months | 9% | 9.42% |
24 Months | 10% | 10.52% |
Custom | 9% - 10% | 9.42% - 10.52% |
Your funds will be securely held for the entire duration of your chosen term until the Vault matures – ensuring peace of mind while you grow your investment.
To get started with your Vault, you need a minimum of €100 in your SmartSaver Account. Once you have that, you can easily open a Vault and add your funds.
You'll have to name your Vault and select a purpose, and whether the name reflects a financial goal or something playful, it’s a great way to personalise your investment.
After opening your Vault, you have a 10-day window to add funds before it's locked for your chosen period. This gives you extra time to maximise your investment and increase your savings.
You can open as many Vaults as you wish. There is no limit to the number of Vaults you can create, allowing for extensive diversification of your investments. Active Vaults cannot be combined into a single larger Vault. If you wish to consolidate funds, you must wait for the existing Vaults to reach maturity, withdraw the funds to your main account, and then create a new Vault with the total amount.
Our auto-renewal feature has also been enhanced, allowing you to choose whether to reinvest your entire Vault balance or just your initial capital investment.
If you opt for the capital investment, at the maturity of your Vault, any accumulated returns will be paid out to your main account, while your initial capital investment will remain in the renewed Vault.
If you created your Vault before January 13th 2025, and have the auto-renewal feature enabled, your Vault will renew at the original rate and will not be subject to the newly updated rates.
Additionally, you’ll have 10 days to add funds during the auto-renewal period, giving you even more flexibility to enhance your investment!
Finally, it’s definitely worth taking a moment to review the Terms and Conditions of the Vaults before signing up. You can find them here.