Permanent TSB has become the latest bank to up its interest rates on certain savings products.
The move comes amid growing calls for the benefit of ECB rate hikes to be passed on to savers.
"Deposit customers are extremely important for our business and we're delighted to announce this latest set of increases to ensure that our customers are rewarded with competitive deposit rate products in today’s higher interest rate environment," said Patrick Farrell, Retail Banking Director at Permanent TSB.
The bank said the changes, which will take effect from 26 September, will see its three-year fixed term deposit rate rise from 2% to 3%.
PTSB claims this makes the rate the highest in the market for a period of this length, following another rise of 0.5% earlier this year.
Rates on the bank's Regular Saver products will increase from 1% to 2.5% and apply to both the Online Regular Saver and the 21-Day Regular Saver account for balances of up to €50,000.
Permanent TSB claims this is the highest limit in the market for Regular Saver products.
Also increasing is the rate on the lender's 18-month fixed term deposit product, which is to rise from 2% to 2.5%.
Its 12-month fixed term offering will climb from 1.75% to 2%.
Earlier this week, Bank of Ireland announced a series of rate changes to its suite of deposit products.
Recently Minister for Finance Michael McGrath said he expected that the mismatch between mortgage rates and savings rates would be addressed over the coming weeks.
