We regularly monitor and compare the Interest Rates on Savings Accounts in Ireland. We check the highest interest rates on instant access deposits, regular savings accounts, and fixed-rate deposits.
The interest rates on Irish bank deposit accounts rose in 2023 and peaked in mid-2024. Rates started to fall in late 2024 .
Irish residents can get up to 2.76% interest rates at some online banks in Europe .
Why accept €50 interest on €50,000 when you could get as much as 20 times more at Bunq , Trade Republic , Lightyear or Raisin ?
Click on the links below to see the best interest rates on offer in Ireland in April 2025
- Best Instant Access Deposit Rates
- Regular Saver Accounts
- Best 1 Year Fixed Deposit Interest Rates
- Highest Interest Rates on Fixed Terms Up To Five Years
You could earn higher interest with a regular savings account or a fixed-term deposit. But remember, with a fixed-term account you may not be able to access your money immediately (or even not until the end of the term) – and there could be a withdrawal fee.
Trade Republic is currently paying 2.25% interest on uninvested cash . (On any balance up to €50,000.)
Lightyear is an investment platform, not a bank, and it also pays interest on clients’ uninvested cash. The current rates are shown below. (Instant Access, no minimum deposit, no maximum.)
Lightyear Savings| Lightyear Interest Rates | |
|---|---|
| Currency | Interest Rate |
| Euro | 1.25% |
| GBP | 3% |
| USD | 3% |
| Correct as of April 2025 | |
(Capital at risk. The provider of investment services is Lightyear Europe AS. Lightyear Europe AS is authorised and regulated by the Estonian Financial Supervision Authority as an investment firm.)
If you are looking at alternative forms of investment – such as stocks and shares – you should take a look at these articles
Where to Buy Shares in Ireland
Buying Exchange Traded Funds in Ireland
How to Buy Cryptocurrency in Ireland
Note: DIRT (Deposit Interest Retention Tax) decreased from 35% to 33% in January 2020 – More details of DIRT here
Whilst we strive to maintain the rates and update them when changes occur – customers should double-check with the financial institutions for confirmation of current rates.
Links to financial provider sites are provided solely as a convenience to the user and do not constitute any endorsement of such sites.