Interest rates on Savings Accounts in Ireland have been slowly dropping over the past couple of years.
On our page of the Best Savings Rates in Ireland – you will see that the best available easy access interest rate on deposits in the banks is now just 0.21% . (May 2019) This is a pretty poor rate of interest . (0.65% was available last year)
If you are willing to lock your money away for five years you can get slightly better rates in some state savings products.
The 5 year National Savings certificate pays 0.98% Tax Free
Or you could go for the 10 year Solidarity Bond which pays 1.5% after taxes .
If you save smaller amounts regularly – you can get interest rates of 2.1% – see details here.
See more of our Money Saving Tips.