Compare Irish Savings Accounts and earn interest as you save
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Compare the best savings accounts from the leading savings account providers in Ireland.
How to compare savings accounts
bonkers.ie makes it easy to find the best AER savings accounts in Ireland.
Tell us your needs
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Open account
What you need to get started
Information on your financial situation
Proof of address
Some basic savings goals
Access to an initial deposit
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Bonkers Money Limited, trading as bonkers.ie, is regulated by the Central Bank of Ireland. This has been the case since 2016.
This reflects our continued commitment to providing impartial and accurate financial advice, information and services.
Things to consider
Type of account
Deposit protection
Tax on savings
Cooling off period
You can cancel your policy within 14 days without penalty.
This is known as the cooling off period. Check the terms and conditions for information on potential fees.
EXPERT TIP
Your money can earn too
Irish households have over €160 billion on deposit with the main Irish banks right now — a record high. But it's not being put to use as most of the money is just resting in accounts where it's earning no interest.
If you have savings built up, or plan to start saving, make sure you get the best rate you can. Your money should work as hard as you did to earn it.
Daragh Cassidy
Consumer Expert at
As featured on
Your questions, answered
What is the best interest rate for savings in Ireland?
The top interest rate in Ireland regularly changes. Fixed-term accounts that only allow withdrawals after a set period tend to offer higher rates than instant-access accounts but a comparison service like bonkers.ie will help you find the current highest rate.
Where should I put my savings in Ireland?
Your best savings option depends on your goals and timeline. An instant-access account suits quick money needs, while fixed-term or regular saver accounts reward those who can commit funds for longer periods. It also depends on whether you are looking to save a lump sum or periodically.
What is a high yield savings account in Ireland?
In Ireland, a high yield savings account typically means a product with better rates than standard accounts. These are usually fixed-term deposits or regular savings accounts with above-average AERs. However, they are not common in Ireland and are more widely available in countries like the USA.
Why are Irish savings rates so low?
Irish savings rates are affected by the ECB's policy and the limited competition among banks. Rates have increased a bit recently but remain lower than other countries due to the local financial landscape. The other side of the coin is that low rates mean lower repayments for mortgage holders.
How much should you have in savings in Ireland?
A typical recommendation is to save three to six months' essential living costs in an easily accessible account. Anything above that should reflect your individual financial goals and plans whether that be to buy a home, retire early or anything else that you are working towards.
Where is the best place to put a lump sum?
For a lump sum, fixed-term deposit accounts usually offer higher rates. If you want some flexibility, consider a notice deposit account which balances growth with access. Notice accounts simply require an agreed upon amount of notice before withdrawals. For example, you may agree to give a 2 week notice.
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