The best interest rates on Instant Savings Accounts in Ireland:
Rates checked July 27th 2020
(We looked at accounts with less than 30 days notice)
- PTSB Bonus Booster – 0.21% (no more than 2 withdrawals a year)
- State Savings deposit account 0.15% (7 days noice)
- Ulster Bank Loyalty Saver 0.1%
Some of the lowest interest rates include 0.01% at EBS and AIB and Ulster Bank – that would earn you just €1 on €10,000 in a year before tax.
Even the best rate of 0.21% will only earn €21 on €10,000 in 12 months before tax.
Read more here about Tax on Savings
Usually, you will get better interest rates if you are willing to tie up your lump sum for a fixed term… see the Highest Interest Rates on Fixed Terms Deposits
An alternative but riskier investment option is buying stocks and shares. See our page on Share Buying in Ireland