Politicians have chastised the banks for only partially passing on customers' interest rate rises from the European Central Bank (ECB).

As of right now, AIB and EBS have stated they will raise deposit rates for ordinary savers and AIB Fixed Term accounts by up to 3% as of this month's middle.

For a 12-month period, AIB's Online Saver offers a 3% return on deposits of €10 to €1,000. Customers can open up to four accounts to suit various savings needs, and they can earn 3% on sums up to €48,000 annually. After each account reaches the monthly cap of up to €1,000, a fee of 0.25 percent is applied.

All other rate changes will be available starting on September 19, while AIB's fixed rate changes will be available starting on September 12.