Compare savings accounts

The best savings account for you depends on your savings goals and how you want to access your money.

• When comparing accounts you should consider:
• The interest rate (AER)
• How easily you can withdraw your savings
• Any fees or conditions
  

Comparing different providers and reviewing the terms can help you choose an account that suits your needs.

Yes, savings held in banks, building societies or credit unions authorised by the Central Bank of Ireland are protected by The Deposit Guarantee Scheme (DGS). The scheme protects:

• Savings at authorised banks, building societies, and credit unions
• Eligible deposits up to €100,000 per person per institution
• Current accounts, deposit accounts and share accounts

If you are saving with a financial institution outside of Ireland but in the EU make sure to check that your savings are protected by their own deposit guarantee scheme. For more information visit Saving in other EU countries.

If you are risk adverse, you should consider depositing your money in institutions covered by the Deposit Guarantee Scheme.

Amounts up to €100,000 are covered per institution. If you have more than €100,000 you should consider depositing across multiple providers in Ireland or the EU as they are all covered by their own deposit guarantee scheme to ensure all of your funds are covered.

A fixed-term savings account usually means your money is locked away for a set period. In some cases, providers may allow access to some of the savings during that period. Fixed-term accounts often require a minimum deposit and typically offer higher interest rates because access to your savings is restricted.

An easy access (or demand deposit) account allows you to lodge and withdraw savings at any time, usually without penalty. Interest rates on easy access accounts are generally lower; due to the flexibility they offer.