Best Savings Rates in Ireland

Interest rates on Savings Accounts in Ireland gradually fell lower and lower over the last few years. Many instant access deposit accounts now pay zero or a tiny 0.05% rate of interest. On a deposit of €50,000 that would make just €25 a year in interest – before tax.

The ECB started raising interest rates again in 2022 as inflation began to increase. These rate rises should mean higher interest rates for savers – but the Irish banks don’t seem to be in a hurry to pass them on

If you have money sitting in a savings account paying just 0.01 % – you could get interest rates that are 255 times bigger elsewhere.
For example – a rate of 2.55% is available at Raisin.ie (fixed for a year) . On €50,000 – that rate would earn €1275 a year before tax instead of just €5 .


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 just 0.05% .  (Nov 2022) .  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 interest rate available over 5 years is 3.15% AER  from French bank Younited # via Raisin.ie

If you fix for 3 Years you can get 3.05% – also at Younited via Raisin.ie (Covered by French banking guarantee)


Over five years – the 5  year National Savings certificate pays 0.59% Tax-Free
Or you could go for the 10 year Solidarity Bond which pays 0.96% after taxes.

If you save smaller amounts regularly – you can get interest rates of up to  0.63% – see details here.

See more of our  Money Saving Tips.

Best Savings Interest Rates 

If you are interested in the possibility of investing some money in stocks and shares – take a look at our page comparing various online stockbrokers in Ireland.

You may also be interested in our articles about Trading Cryptocurrency in Ireland or Contracts for Difference