This article is quite old, you might prefer our latest Banking pieces
Raisin Bank offering attractive interest rates for savers
Rob Flynn
Staff Writer

Irish savers suffer from some of the lowest interest rates in Europe, but that doesn’t mean we have to. Raisin Bank, the leading online marketplace for savings products, is now offering Irish consumers exclusive access to better rates for their savings.

It’s not a great market for savers right now, that’s for sure. Despite signs of deposit interest rates rallying in October for savers across Europe, Ireland remains among those countries bottom of the list, with interest rates even falling into negative territory.

And with Ulster Bank and KBC both set to leave the market here sooner rather than later, the horizon for savers doesn’t look bright.

However, there are alternatives to Irish deposit rates, and that’s where Raisin Bank comes in - the leading online marketplace for savings products across Europe!

Through Raisin Bank’s online savings accounts, customers can easily access some of the leading interest rates for their savings from banks all over Europe.

But before we get into more detail about the service for savers and the rates Raisin Bank offers, here’s a little more background about the company.

Who is Raisin Bank?

Raisin Bank is part of Raisin DS, a fintech company that provides an open banking infrastructure for the global deposit market, opening up investment opportunities for consumers in Europe and the U.S. through access to exclusive savings products and some of the best interest rates available.

Raisin DS is the name of the parent company, formed by a merger of the fintech companies Deposit Solutions and Raisin in June 2021. It operates across both Europe and the US and collaborates with around 400 banks and financial service providers from more than 30 countries.

How it works

With Raisin Bank, Irish savers can avail of some of the best deposit rates on savings accounts across Europe by signing up to its online account.

Signing up with Raisin Bank is simple and only requires one online registration. From there customers can easily choose from numerous savings accounts from banks all over Europe and subsequently manage their accounts entirely online too.

To sign up, all you need to do is follow these simple steps:

  1. Open a Raisin Account online - you just have to register on and verify your identity using video identification.
  2. Receive your login information and start browsing rates.
  3. Sign up to a savings account(s) and manage them all online.

Once Raisin Bank has verified your identity, it will send you your login details for its Online Banking System, and from there you’ll be able to access exclusive offers from its partner banks across Europe.

Additionally, through its Online Banking System you will be able to clearly see and manage your various deposit accounts as well as being able to keep up to date about new savings products that become available.

Have we got your interest yet?

What’s on offer?

With a Raisin Account consumers can browse savings products from banks across Europe, not to mention avail of some of the best interest rates currently available, making saving simple.

Customers can browse a range of fixed-term deposit accounts from one year (or less), all the way up to a period of ten years.

Despite interest rates from banks in Ireland remaining at historic lows, customers could potentially receive much better rates by signing up through Raisin Bank.

For example, the top one-year fixed term deposit rate offered via Raisin Bank is currently 0.50%. This compares to a rate of only 0.05% via what’s offered from Irish banks right now.

What’s more, Raisin Bank is offering new customers a welcome bonus of up to €100 when they sign up for its online service.

However, before you sign up for Raisin Bank, or any specific savings account for that matter, there are a few things you should know.

Alternatives to opening a savings account

Opening a savings account may not be for everyone. 

The good news is that there are plenty more options available to you if you want to make your money work for you and get a worthwhile return on your investment. Check out our article on alternative savings options for more information.

We also recorded a podcast this year on alternative savings options for consumers if you’d prefer to sit back and listen - you can find that episode here!

Compare savings accounts on

Remember, if you’re looking to save your money, you can easily compare savings accounts for the best rates Irish banks have to offer right here on

We compare savings accounts from all of Ireland’s top financial institutions so whether you’re a monthly or lump sum saver, don’t worry, will find the best interest rate for you.

Use our comparison tool here to compare savings accounts across the likes of AIB, Bank of Ireland, and more!

Make sure you check out our banking and personal finance comparison page to see how you can lower your other everyday banking costs and get the best return on your money.

Let us know your thoughts!

Have you ever used Raisin Bank? Would you consider taking out a savings account online with a good interest rate? Let us know in the comments below.

We’d also love to hear from you on social media, we’re on Facebook, Twitter and Instagram.