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 […]
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The Interest Rates available on instant access savings accounts in Ireland are currently the lowest they have been for several years. Rates might start to rise in late 2022 as the ECB starts to increase rates in response to rising inflation. We have dug out some old “best buy” interest rates going back to 2008 […]
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At todays monthly meeting of the ECB it was announced that the headline interest rate will be cut to zero from the current low rate of 0.05%. The last cut in the ECB rate was in Sept 2014 when it fell from 0.15% to 0.05%. This cut initially caused a decline in the value of […]
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