AIB announced today that it is to pay interest on credit balances over €1 on business accounts in the Republic from September 16th.
Interest will also be available on cleared current account balances for business customers using AIB's online banking services.
The move is aimed at customers who need to keep large credit balances on current accounts for their short term cashflow needs.
The bank has also announced a new range of deposit accounts for business customers which provide up to three per cent interest and the ability to access 35 per cent of funds on demand without incurring a penalty.
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The AIB flexi-deposit range will be available from August 6th.