The best interest rates on Instant Savings Accounts in Ireland:
Rates checked January 2nd 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%
- KBC Smart Access 0.1% Min €3000 Max €100k (0.20% is available on the 35-day notice account)
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
If you can put aside a regular amount each month – you might get slightly better interest rates on a regular saver account. See here for the Best Rates on Regular Saver Accounts.
Usually, you will also get better interest rates if you are willing to tie up your lump sum for a fixed term… see the
An alternative but riskier investment option is buying stocks and shares. See our page on Share Dealing Charges in Ireland