Raisin offering a bonus of up to €500 to savers

At the moment Irish households have over €160 BILLION on deposit with Irish banks – a record high. But here’s the kicker: most of this money is lying around in accounts that pay little or no interest.

This is despite savings rates of close to 3% still being on offer. For now at least...

So why aren’t more of us chasing better returns? Whether it’s down to apathy, habit, or simply not knowing there are still better options out there, many Irish savers are leaving easy money on the table – much to the delight of the Irish banks which are saving big money on interest! 

If your savings are still earning breadcrumbs in a low-interest account, this new offer from Raisin might be just the nudge you need to take action and make your money work a bit harder for you.

First, a quick reminder…

Who is Raisin?

Raisin is an online marketplace for savings products across Europe that is based in Germany.

Through its online platform, it allows Irish savers to easily access savings products from banks elsewhere in Europe where rates are generally better than those on offer here.

All Raisin’s partner banks are covered by the Deposit Guarantee Scheme and best of all the service is free to consumers, meaning there are no hidden fees or charges for using the service.

You can learn more about Raisin in our podcast here.

What's on offer?

Raisin has launched what it calls its "deposit ladder" promotion where bonus interest is available to savers who spread their savings over at least two banking providers.

A bonus of up to €500 is available for a limited time to both new and existing customers.    

For example, if you have €30,000 in savings, and place €10,000 into three separate deposit products, you'll get €100 in bonus interest. If you have €100,000 and put your money into at least two separate deposit accounts you'll get a €250 bonus.   

Raisin offers a host of savings and deposit products from numerous reputable banks across Europe. You can choose from a range of fixed-rate deposit accounts with terms as short as three months up to seven years. Demand deposit accounts, which allow you to access your money whenever you need it, are also available. 

Here's a look at some of the best rates on offer right now as well as the return you'd get for depositing €20,000.

*excludes bonus payments. Before DIRT and any other taxes have been applied.

As with any offer there are a few terms and conditions that you need to meet. But they aren't too onerous.

• The offer is available to new and existing customers from 4th August until 12th September 2025.
• You must choose a term deposit account with a term of at least one year to qualify.
• Demand deposit accounts are excluded from the promotion.
• Claim your bonus by sending an email to bonus-ie@raisin.com with the subject "depositladder" from your registered email address no later than 12 September 2025.
• Bonus will be paid directly to your Raisin account after the promotional period ends.

See here for more info and to sign up.

Other options worth a look

There are of course other options for your savings. So make sure to check these out too.

• Trade Republic, a German digital investment platform, is offering 2.00% interest on any uninvested cash up to €50,000.
• AIB has a two-year fixed rate offering 2.26% AER, available to those with €15,000 or more to set aside.
• And Bunq, the Dutch online-only bank, offers 2.01% interest with instant access to your money.

In short, there are plenty of ways to make your savings work harder. So don’t leave your money lying around in an account that’s giving you next to nothing in return!

Check out our savings comparison page to see the latest rates from all the main providers – and find a better home for your hard-earned cash in just a few clicks.