Best Savings Rates in Ireland

Interest rates on Savings Accounts in Ireland have been slowly dropping over the last few years. Many instant access deposit accounts now pay a tiny 0.01% rate of interest. On a deposit of €50,000 that would make just €5 a year in interest – before tax.

If you have money sitting in a savings account paying just 0.01 % – you could get interest rates over 100 times bigger elsewhere. For example – a rate of 1.19% is available at Raisin.ie on a 2 year fixed term deposit. On €50,000 – that rate would earn €595 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 now just  0.21% .  (August 2020) .  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 rate over 4 years is 1.32%  (0.88% after DIRT) which is available from J&T Banka via Raisin.ie

If you fix for 3 Years you can get 1.28% at  J&T Banka via Raisin.ie


The 5  year National Savings certificate pays 0.98% Tax-Free
Or you could go for the 10 year Solidarity Bond which pays 1.5% after taxes.

If you save smaller amounts regularly – you can get interest rates of up to  0.98% – 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.