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% . (October 2019) This is a pretty poor rate of interest.
If you are willing to lock your money away for a few years you can get slightly better rates.
The best rate over 4 years is 1.08% (0.7% after DIRT) which is available from J&T Banka via Raisin.ie
If you fix for 3 Years you can get 0.99% at J&T Banka via Raisin.ie
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 1.75% – see details here.
See more of our Money Saving Tips.