Savings rates

Regular savings account

This survey contains up-to-date information on the main regular savings accounts available from individual firms. For further information, please see our disclaimer.
Financial Institution Product
Interest rate (A.E.R.) Any introductory/temporary rate offers Minimum lodgement per month Maximum lodgement per month Maximum number of withdrawals allowed per year without penalty
AIB Regular Savings Account 3.50%1 Yes, see footnote below.1 €10 €500 Unlimited
Parent Saver Account 3.50% No No minimum €200 Unlimited
An Post Instalment Savings 3.37%2, 3, 4 None €25 €1,000 None
Bank of Ireland Easysaver 3.25%5 None €20 €500 Four
EBS Optimise Flexible Savings Account6 1.00% No €5 €1,000 Unlimited
Family Savings Account 4.00%7 Rate is fixed for a 12 month period €100 €1,000 Two8
Irish Nationwide Building Society Regular Saver Deposit Account 3.35%9 Yes, see footnote below9 €100 €1,000 (Joint account is €2,000)10 Two
National Irish Bank Flexible Savings Account11 1.00% None No minimum No maximum Unlimited
Nationwide UK (Ireland) Easy Access Savings Account 3.00% None No mimimum12 No maximum Six
Permanent TSB 21 Day Notice 3.75% None €1.00 €1,000 Unlimited but if 21 days notice is not provided, withdrawal is subject to charge.13
RaboDirect14 RaboDirect Savings Account 2.00% None No minimum No maximum Unlimited
Ulster Bank Special Interest Deposit Account 4.00%15 None €1 €1,000 Unlimited

1. At the end of the twelve month period the account will automatically change to the standard variable interest rate applicable to the product at the time.
2. Interest on An Post Instalment Savings is tax free.
3. For further details of the interest accruing during the 5 years contact An Post or your local Post Office.
4. Instalment Savings is a scheme where the saver agrees to pay a stated sum each month for a 12 month period. Interest accrues on a yearly basis after the completion of the savings cycle. The amount grows each year to a total of 20% after 5 years (after the end of the savings period). This is equivalent to 3.37% (taking account of the contribution period). To maximise the interest return the savings should be left on deposit for the full 5 year term i.e. 6 years after the first instalment was made. The saver can choose not to save in a particular month.
5. 3.25% on balances up to €5,000 and 1.00% on balances above €5,000.
6. Customers will gain membership of EBS.
7. The rate above applies for the first 12 months only. When the account matures after 12 months customers can withdraw their savings or sign up for another 12 month term with a new interest rate applying. The rate of interest customers will get for the second year is 3%.
8. One withdrawal is allowed during the first year term and another withdrawal on the maturity date.
9. Interest guaranteed to be 1% above ECB rate until 31 December 2010.
10. You can open an account as the sole account holder or with someone else as joint account holders but you can not open both sole and joint accounts.
11. Only one account permitted per customer.
12. A minimum of €2,000 is required to first open an Easy Access Savings Account . There is no requirement to make a lodgement each month.
13. If less than 21 days notice is given, a penalty of 0.0103% interest will be charged on the amount withdrawn for each day notice is not provided.
14. Only available online.
15. Rate of 4.00% on the balance up to €15,000. Then 1.5% on the remainder of the balance over €15,000.

Please note:

You usually have to pay a Government tax (called DIRT) on any interest you earn on savings and deposit accounts. More information on DIRT can be found on the Revenue’s website.

See our savings accounts section for more savings information. Use our jargon buster, if you need an explanation of financial terms in plain English.