PTSB is set to increase the rate it pays to personal customers on its six-month fixed term deposit account.
The bank said the rate will rise from 1% to 1.75%.
PTSB said this is the highest rate on the market for six-month fixed-term deposits for personal customers.
"It builds on PTSB's existing competitive deposit offering which also includes an 18-month fixed-term at 2.50%, our three-year fixed-term at 3% and a 21-Day Regular Saver at 2.5%," the bank said in a statement.
This is the seventh time the bank has increased personal deposit rates since November 2022.
It said it will continue to keep deposit rates under review.
PTSB also announced an increase in the rate applicable to demand deposits for business customers, with a new rate of 1%.
It is also launching a new 32-day notice deposit account for business customers, with a rate of 2%.
The bank said the new rates will take effect from Tuesday 5 March and are available to new and existing customers.
