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How to grow your nest egg safely

Where are the best rates?

You can earn at least 3% interest on easy-access deposits at Anglo Irish Bank, Irish Nationwide and Nationwide UK.

Simon Moynihan of Bonkers.ie, a price comparison website, said: "Irish households had €37 billion in demand deposits and current accounts in March - an average of €25,000 per household earning just 0.65% interest. Moving this into high interest demand accounts could net them hundreds of euros in interest every year."

Fixed rates offer better long term value, even if their rates are similar to those offered by the best easy-access accounts. These accounts pay variable rates of interest, which have dropped over the past year.

Anglo Irish Bank pays 3.5% fixed for 12 months. Irish Nationwide matches this offer, but only for lump sums greater than €20,000, while EBS offers 3.35% for the same amount.

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