Best Savings Accounts in Ireland


We regularly monitor and compare the  Interest Rates on Savings Accounts in Ireland. We check the highest interest rates on instant access deposits as well as regular savings accounts and fixed-rate deposits.

The interest rates on Irish deposit accounts in 2022 are still very low. Many instant access accounts are only paying 0.01% interest.


On a deposit of €50,000 you would earn just €5 in interest in a year with an interest rate of 0.01%. After tax this would be just €3.35.

As a general rule, you’ll usually get slightly better interest rates if you tie your money up for longer

ECB rates will be rising again in 2022 – so we expect some small increases in deposit rates over the coming months.

You can get interest rates at online banks in Europe that are as much as 200 times bigger than the tiny 0.01% offered by the main banks in Ireland. Why accept €5 interest on €50,000 when you could get €1000 or more at Raisin ?

Note: DIRT (Deposit Interest Retention Tax) decreased from 35% to 33% in January 2020 – More details of DIRT here

Click on the links below to see the best savings rates on offer in Ireland in  September 2022

You could also 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.


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


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.