Three in five savers are seeking to make lump sum deposits at present, according to research from the consumer website Bonkers.ie
However the research revealed that the majority of consumers searching for fixed-term accounts were only prepared to lock their money away for short terms.
Some 65 per cent of savers expressed a preference of acconts with terms of one year or less.
Less than one in ten customers searching for fixed terms opted to look at accounts with a commitment of five years or more.
Bonkers.ie surveyed more than 3,500 consumers who looked for a new saving account via the website in May. Just 32 per cent of respondents stated that a bank's credit rating was important to them.
"While the government's unlimited deposit guarantee scheme is in place, savers remain confident that their deposits are safe in Irish banks, but confidence is limited and savers are unwilling to lock their cash away for the long term" said David Kerr, managing director of Bonkers.ie.
"With so much uncertainty in the job market and the economy right now, people feel they could need access to their savings and won't commit to the long term."
Kerr said consumers should take advantage of attractive interest rates while they have the opportunity.
"Banks have to meet strict new capital requirements by the end of this year, so they are actively looking for our cash and are prepared to pay us well for it," he said. "Once the banks have met the Financial Regulator's requirements, we can expect interest rates to fall."