Where is the best place to put a lump sum in Ireland?

Split it by when you need it. Money for the next year: the best instant access rate. Money with a known date: a notice account or a fix that matures before the date. Money you will not touch: the longest fix you are comfortable with, or DIRT-free State Savings if you pay tax at the top rate.

What should I do with more than €100,000?

Deposit guarantees cover €100,000 per person per bank, so split anything above that across institutions. A couple gets €200,000 per bank in joint names. State Savings carry an unlimited State guarantee, which makes them the simplest home for the amount above your bank limits.

What is a savings ladder?

Splitting a lump across terms, for example a third each in 1, 2 and 3 year fixes. Something matures every year, so you get most of the long-term rate while never being more than a year from a chunk of the money.

Should I pay off my mortgage instead of saving a lump sum?

Compare after-tax: deposit interest loses 33% to DIRT, while a mortgage overpayment "earns" your mortgage rate tax free. At typical Irish mortgage rates the overpayment usually wins mathematically. Keep an emergency fund liquid either way, and check whether your fixed rate carries a redemption penalty.

Should I clear other debts before saving?

Work out what the best rate here leaves you after DIRT — 2.21% on today's top rate of 3.30% — and treat that as the hurdle. Debt costing more than that, which covers most credit cards, car finance, personal loans and overdrafts, is the better use of the money, because the interest you stop paying is never taxed and never uncertain. Keep an emergency fund liquid either way.

A lump sum is three decisions, not one

An inheritance, a house sale, a redundancy payment: the question is never "which account", it is how much of it you need soon, how much has a date on it, and how much can be locked away. Answer that and the table below answers itself.

Every rate on this page was read from the provider's own site. Last verified 1 August 2026.

Instant access, notice and fixed term accounts for lump sums, ranked by AER
Provider & account			Limits	DIRT	Taken abroad	Protection	Verified
Raisin · Deutsche Bausparkasse BadeniaFixed term depositThe highest rate open to Irish savers at any term, and paid gross. You are lending for ten years to get it: the State Savings 10 year bond pays less but is tax free and can be cashed in early.	3.30%	10 yearsNo access during term	from €5,000 · max €100,000	33%self-assess	Paid gross	German DGS€100,000	3 Aug 2026
Raisin · BluOr BankFixed term depositThe highest headline rate in the table, but Latvia withholds 25.5% at source (10% with the paperwork) before Irish DIRT. On take-home, the gross-paying German and Dutch terms below beat it.	3.23%	2 yearsNo access during term	from €1 · max €100,000	33%self-assess	25.5% Latvia10% with Raisin forms	Latvian DGS€100,000	1 Aug 2026
Raisin · Aareal BankFixed term depositPaid gross by a German bank, interest to your Raisin account each year. Seven years is a long view on rates, which is the actual risk here.	3.16%	7 yearsNo access during term	from €1,000 · max €100,000	33%self-assess	Paid gross	German DGS€100,000	3 Aug 2026
Raisin · BluOr BankFixed term depositBest 1 year rate on Raisin Ireland. Latvia withholds 25.5% at source, 10% with the paperwork.	3.15%	1 yearNo access during term	from €1 · max €100,000	33%self-assess	25.5% Latvia10% with Raisin forms	Latvian DGS€100,000	1 Aug 2026
Raisin · Haitong BankFixed term depositSold via the bank’s Spanish branch but guaranteed by the Portuguese scheme, and it is Portugal’s tax that applies: 28% withheld at source, 15% if you claim under the double taxation agreement.	3.14%	3 yearsNo access during term	from €10,000 · max €100,000	33%self-assess	28% Portugal15% with treaty claim	Portuguese DGS€100,000	1 Aug 2026
KlarnaFixedTop of Klarna’s curve. No minimum deposit.	3.10%	4 yearsNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
Raisin · Raisin BankStarter AccountNew customers only, and the 3.10% runs for three months before the money needs somewhere else to go. Held by Raisin Bank itself in Germany, so it is paid gross.	3.10%	Instant accessInstant access, interest paid monthly	from €1 · max €100,000	33%self-assess	Paid gross	German DGS€100,000	3 Aug 2026
KlarnaFixedNo minimum deposit.	3.08%	3 yearsNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
Raisin · Fjord BankFixed term depositLithuania withholds 15% at source, 10% under the Ireland–Lithuania treaty if you file a Revenue tax residence certificate. Note the €95,000 cap sits below the €100,000 guarantee.	3.08%	18 monthsNo access during term	from €1,000 · max €95,000	33%self-assess	15% Lithuania10% with Revenue certificate	Lithuanian DGS€100,000	3 Aug 2026
Raisin · Achmea BankFixed term depositPaid gross: the Netherlands deducts nothing at source, so the only tax is your own DIRT.	3.06%	5 yearsNo access during term	from €5,000 · max €100,000	33%self-assess	Paid gross	Dutch DGS€100,000	3 Aug 2026
KlarnaFixedNo minimum deposit.	3.05%	2 yearsNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
Trade RepublicInterest on cashNew customer offer; no ongoing rate is published for Ireland. Cash sits with partner banks (Citibank Europe, Deutsche Bank and others), each with its own guarantee. You declare the interest yourself.	3.04%	Instant accessFully flexible, interest paid monthly	max €50,000	33%self-assess	Paid gross	Partner-bank DGS€100,000	3 Aug 2026
KlarnaFixedNo minimum deposit.	3.02%	18 monthsNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
bunqSavingsNew customers only, in effect: 3.01% applies to money above your own recent high balance, and a new saver clears that on everything until the first reset. Thresholds reset 1 January and 1 July, after which settled money earns 1.51%.	3.01%	Instant access2 free withdrawals a month, interest paid weekly	No stated limit	33%self-assess	Paid gross	Dutch DGS€100,000	3 Aug 2026
KlarnaFixedNo minimum deposit.	3.00%	1 yearNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
KlarnaFixedNo minimum deposit, and it pays more than Klarna’s own 9 month term.	2.89%	6 monthsNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
Raisin · BluOr BankFixed term depositLatvia withholds 25.5% at source, 10% with the paperwork.	2.81%	9 monthsNo access during term	from €1 · max €100,000	33%self-assess	25.5% Latvia10% with Raisin forms	Latvian DGS€100,000	3 Aug 2026
Raisin · BluOr BankFixed term depositBest 6 month rate on Raisin Ireland. Latvia withholds 25.5% at source, 10% with the paperwork.	2.77%	6 monthsNo access during term	from €1 · max €100,000	33%self-assess	25.5% Latvia10% with Raisin forms	Latvian DGS€100,000	1 Aug 2026
Bankinter (Avant Money)Deposit Plus Fixed TermOffer rate, ends 31 August 2026. Sold in Ireland through Avant Money.	2.72%	6 monthsOne withdrawal of up to 25% after 8 weeks	from €2,000 · max €2,000,000	33%withheld for you	—	Spanish DGS€100,000	1 Aug 2026
KlarnaFixedThe odd rung: locking for 9 months pays less than locking for 6. Listed because it exists, not because it makes sense.	2.46%	9 monthsNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
Raisin · IBL BancaFixed term depositThe only 3 month option worth the paperwork. Italy deducts nothing at source, so you receive it gross and settle DIRT yourself.	2.42%	3 monthsNo access during term	from €10,000 · max €100,000	33%self-assess	Paid gross	Italian DGS€100,000	3 Aug 2026
Bankinter (Avant Money)Deposit Plus Fixed TermSold in Ireland through Avant Money.	2.30%	1 yearOne withdrawal of up to 25% after 8 weeks	from €2,000 · max €2,000,000	33%withheld for you	—	Spanish DGS€100,000	1 Aug 2026
AIBFixed Term DepositTotal return 4.55% over 2 years, interest paid annually.	2.26%	2 yearsNo access during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
Raisin · BluOr BankDemand depositBest ongoing instant rate on Raisin Ireland. Held with BluOr Bank in Latvia, which withholds 25.5% at source (10% if you file the paperwork through Raisin) before Irish DIRT is even considered. You declare the interest to Revenue yourself and claim credit for the Latvian tax.	2.25%	Instant accessInstant access via the Raisin platform	from €1 · max €100,000	33%self-assess	25.5% Latvia10% with Raisin forms	Latvian DGS€100,000	1 Aug 2026
Bank of IrelandAdvantage Fixed TermTotal return 3.36% over 18 months, paid at maturity.	2.24%	18 monthsUp to 25% accessible during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
Bank of IrelandAdvantage Fixed Term	2.15%	1 yearUp to 25% accessible during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
MoCoEasy SaverIrish branch of BAWAG, Austria. Deducts DIRT at source, so nothing to declare: the highest instant access rate that does. No maximum balance. Irish residents only.	2.10%	Instant accessInstant access, no withdrawal fee or penalty, interest accrues daily	from €1	33%withheld for you	—	Austrian DGS€100,000	3 Aug 2026
AIBFixed Term Deposit	2.00%	1 yearNo access during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
PTSBOnline Fixed Term	2.00%	1 yearNo access during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
PTSBFixed Term (branch)Advertised as 6.13% total return over 3 years. That is 2.00% a year, not 6.13%.	2.00%	3 yearsNo access during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
PTSBFixed Term (branch)Advertised as 10.41% total return over 5 years. That is 2.00% a year, not 10.41%.	2.00%	5 yearsNo access during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
RevolutInstant Access SavingsStandard plan rate, on the first €2,500 (1% above). Paid plans earn up to 2.50%. Held with Revolut Bank UAB in Lithuania.	2.00%	Instant accessInstant access, interest paid daily	No stated limit	33%withheld for you	—	Lithuanian DGS€100,000	1 Aug 2026
KlarnaFlexKlarna pays gross: you declare the interest to Revenue yourself. Paid memberships lift the rate to at most 2.45%, minus the fee.	1.97%	Instant accessInstant access, interest paid monthly	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	1 Aug 2026
KlarnaFixedListed for completeness: the 3 month rung is beaten outright by Raisin’s 3 month at 2.42%, and by Klarna’s own 6 month.	1.84%	3 monthsNo access during term	No stated limit	33%self-assess	Paid gross	Swedish DGSSEK 1,150,000 (~€105,000)	3 Aug 2026
MonzoInstant Access Savings PotNeeds a free Monzo current account. The first digital bank with a full Irish banking licence: Irish guarantee, DIRT handled for you.	1.80%	Instant accessInstant access, interest paid monthly	max €100,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
Bank of IrelandAdvantage Fixed Term	1.51%	6 monthsUp to 25% accessible during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
AIBFixed Term Deposit	1.50%	6 monthsNo access during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
PTSBOnline 32 Day Notice	1.25%	Notice32 days notice	No stated limit	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
PTSBOnline Fixed Term	1.25%	6 monthsNo access during term	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
Bank of Ireland31 Day Notice	1.00%	Notice31 days notice	from €5,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
AIBOnline Notice Deposit 7	0.75%	Notice7 days notice	max €1,000,000	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
N26Instant SavingsStandard plan rate; Metal plan earns 1.50%. N26 pays gross: you declare the interest to Revenue yourself.	0.30%	Instant accessInstant access, interest paid monthly	No stated limit	33%self-assess	Paid gross	German DGS€100,000	1 Aug 2026
AIBPersonal Demand DepositAll balances, no maximum.	0.25%	Instant accessInstant access	No stated limit	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
EBSInstant AccessEBS currently offers no fixed-term deposit to new customers.	0.25%	Instant accessInstant access	No stated limit	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
Bank of IrelandDemand Deposit	0.10%	Instant accessInstant access	No stated limit	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026
PTSBOnline Instant Access	0.01%	Instant accessInstant access	No stated limit	33%withheld for you	—	Irish DGS€100,000	1 Aug 2026

Raisin · Deutsche Bausparkasse BadeniaFixed term deposit
3.30%
Term / access
10 years · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
from €5,000 · max €100,000
Protection
German DGS · €100,000
The highest rate open to Irish savers at any term, and paid gross. You are lending for ten years to get it: the State Savings 10 year bond pays less but is tax free and can be cashed in early.
3 Aug 2026
Raisin · BluOr BankFixed term deposit
3.23%
Term / access
2 years · No access during term
DIRT
33%self-assess
Taken abroad
25.5% Latvia10% with Raisin forms
Limits
from €1 · max €100,000
Protection
Latvian DGS · €100,000
The highest headline rate in the table, but Latvia withholds 25.5% at source (10% with the paperwork) before Irish DIRT. On take-home, the gross-paying German and Dutch terms below beat it.
1 Aug 2026
Raisin · Aareal BankFixed term deposit
3.16%
Term / access
7 years · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
from €1,000 · max €100,000
Protection
German DGS · €100,000
Paid gross by a German bank, interest to your Raisin account each year. Seven years is a long view on rates, which is the actual risk here.
3 Aug 2026
Raisin · BluOr BankFixed term deposit
3.15%
Term / access
1 year · No access during term
DIRT
33%self-assess
Taken abroad
25.5% Latvia10% with Raisin forms
Limits
from €1 · max €100,000
Protection
Latvian DGS · €100,000
Best 1 year rate on Raisin Ireland. Latvia withholds 25.5% at source, 10% with the paperwork.
1 Aug 2026
Raisin · Haitong BankFixed term deposit
3.14%
Term / access
3 years · No access during term
DIRT
33%self-assess
Taken abroad
28% Portugal15% with treaty claim
Limits
from €10,000 · max €100,000
Protection
Portuguese DGS · €100,000
Sold via the bank’s Spanish branch but guaranteed by the Portuguese scheme, and it is Portugal’s tax that applies: 28% withheld at source, 15% if you claim under the double taxation agreement.
1 Aug 2026
KlarnaFixed
3.10%
Term / access
4 years · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
Top of Klarna’s curve. No minimum deposit.
3 Aug 2026
Raisin · Raisin BankStarter Account
3.10%
Term / access
Instant access · Instant access, interest paid monthly
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
from €1 · max €100,000
Protection
German DGS · €100,000
New customers only, and the 3.10% runs for three months before the money needs somewhere else to go. Held by Raisin Bank itself in Germany, so it is paid gross.
3 Aug 2026
KlarnaFixed
3.08%
Term / access
3 years · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit.
3 Aug 2026
Raisin · Fjord BankFixed term deposit
3.08%
Term / access
18 months · No access during term
DIRT
33%self-assess
Taken abroad
15% Lithuania10% with Revenue certificate
Limits
from €1,000 · max €95,000
Protection
Lithuanian DGS · €100,000
Lithuania withholds 15% at source, 10% under the Ireland–Lithuania treaty if you file a Revenue tax residence certificate. Note the €95,000 cap sits below the €100,000 guarantee.
3 Aug 2026
Raisin · Achmea BankFixed term deposit
3.06%
Term / access
5 years · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
from €5,000 · max €100,000
Protection
Dutch DGS · €100,000
Paid gross: the Netherlands deducts nothing at source, so the only tax is your own DIRT.
3 Aug 2026
KlarnaFixed
3.05%
Term / access
2 years · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit.
3 Aug 2026
Trade RepublicInterest on cash
3.04%
Term / access
Instant access · Fully flexible, interest paid monthly
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
max €50,000
Protection
Partner-bank DGS · €100,000
New customer offer; no ongoing rate is published for Ireland. Cash sits with partner banks (Citibank Europe, Deutsche Bank and others), each with its own guarantee. You declare the interest yourself.
3 Aug 2026
KlarnaFixed
3.02%
Term / access
18 months · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit.
3 Aug 2026
bunqSavings
3.01%
Term / access
Instant access · 2 free withdrawals a month, interest paid weekly
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Dutch DGS · €100,000
New customers only, in effect: 3.01% applies to money above your own recent high balance, and a new saver clears that on everything until the first reset. Thresholds reset 1 January and 1 July, after which settled money earns 1.51%.
3 Aug 2026
KlarnaFixed
3.00%
Term / access
1 year · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit.
3 Aug 2026
KlarnaFixed
2.89%
Term / access
6 months · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit, and it pays more than Klarna’s own 9 month term.
3 Aug 2026
Raisin · BluOr BankFixed term deposit
2.81%
Term / access
9 months · No access during term
DIRT
33%self-assess
Taken abroad
25.5% Latvia10% with Raisin forms
Limits
from €1 · max €100,000
Protection
Latvian DGS · €100,000
Latvia withholds 25.5% at source, 10% with the paperwork.
3 Aug 2026
Raisin · BluOr BankFixed term deposit
2.77%
Term / access
6 months · No access during term
DIRT
33%self-assess
Taken abroad
25.5% Latvia10% with Raisin forms
Limits
from €1 · max €100,000
Protection
Latvian DGS · €100,000
Best 6 month rate on Raisin Ireland. Latvia withholds 25.5% at source, 10% with the paperwork.
1 Aug 2026
Bankinter (Avant Money)Deposit Plus Fixed Term
2.72%
Term / access
6 months · One withdrawal of up to 25% after 8 weeks
DIRT
33%withheld for you
Taken abroad
—
Limits
from €2,000 · max €2,000,000
Protection
Spanish DGS · €100,000
Offer rate, ends 31 August 2026. Sold in Ireland through Avant Money.
1 Aug 2026
KlarnaFixed
2.46%
Term / access
9 months · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
The odd rung: locking for 9 months pays less than locking for 6. Listed because it exists, not because it makes sense.
3 Aug 2026
Raisin · IBL BancaFixed term deposit
2.42%
Term / access
3 months · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
from €10,000 · max €100,000
Protection
Italian DGS · €100,000
The only 3 month option worth the paperwork. Italy deducts nothing at source, so you receive it gross and settle DIRT yourself.
3 Aug 2026
Bankinter (Avant Money)Deposit Plus Fixed Term
2.30%
Term / access
1 year · One withdrawal of up to 25% after 8 weeks
DIRT
33%withheld for you
Taken abroad
—
Limits
from €2,000 · max €2,000,000
Protection
Spanish DGS · €100,000
Sold in Ireland through Avant Money.
1 Aug 2026
AIBFixed Term Deposit
2.26%
Term / access
2 years · No access during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
Total return 4.55% over 2 years, interest paid annually.
1 Aug 2026
Raisin · BluOr BankDemand deposit
2.25%
Term / access
Instant access · Instant access via the Raisin platform
DIRT
33%self-assess
Taken abroad
25.5% Latvia10% with Raisin forms
Limits
from €1 · max €100,000
Protection
Latvian DGS · €100,000
Best ongoing instant rate on Raisin Ireland. Held with BluOr Bank in Latvia, which withholds 25.5% at source (10% if you file the paperwork through Raisin) before Irish DIRT is even considered. You declare the interest to Revenue yourself and claim credit for the Latvian tax.
1 Aug 2026
Bank of IrelandAdvantage Fixed Term
2.24%
Term / access
18 months · Up to 25% accessible during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
Total return 3.36% over 18 months, paid at maturity.
1 Aug 2026
Bank of IrelandAdvantage Fixed Term
2.15%
Term / access
1 year · Up to 25% accessible during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
1 Aug 2026
MoCoEasy Saver
2.10%
Term / access
Instant access · Instant access, no withdrawal fee or penalty, interest accrues daily
DIRT
33%withheld for you
Taken abroad
—
Limits
from €1
Protection
Austrian DGS · €100,000
Irish branch of BAWAG, Austria. Deducts DIRT at source, so nothing to declare: the highest instant access rate that does. No maximum balance. Irish residents only.
3 Aug 2026
AIBFixed Term Deposit
2.00%
Term / access
1 year · No access during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
1 Aug 2026
PTSBOnline Fixed Term
2.00%
Term / access
1 year · No access during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
1 Aug 2026
PTSBFixed Term (branch)
2.00%
Term / access
3 years · No access during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
Advertised as 6.13% total return over 3 years. That is 2.00% a year, not 6.13%.
1 Aug 2026
PTSBFixed Term (branch)
2.00%
Term / access
5 years · No access during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
Advertised as 10.41% total return over 5 years. That is 2.00% a year, not 10.41%.
1 Aug 2026
RevolutInstant Access Savings
2.00%
Term / access
Instant access · Instant access, interest paid daily
DIRT
33%withheld for you
Taken abroad
—
Limits
No stated limit
Protection
Lithuanian DGS · €100,000
Standard plan rate, on the first €2,500 (1% above). Paid plans earn up to 2.50%. Held with Revolut Bank UAB in Lithuania.
1 Aug 2026
KlarnaFlex
1.97%
Term / access
Instant access · Instant access, interest paid monthly
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
Klarna pays gross: you declare the interest to Revenue yourself. Paid memberships lift the rate to at most 2.45%, minus the fee.
1 Aug 2026
KlarnaFixed
1.84%
Term / access
3 months · No access during term
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
Swedish DGS · SEK 1,150,000 (~€105,000)
Listed for completeness: the 3 month rung is beaten outright by Raisin’s 3 month at 2.42%, and by Klarna’s own 6 month.
3 Aug 2026
MonzoInstant Access Savings Pot
1.80%
Term / access
Instant access · Instant access, interest paid monthly
DIRT
33%withheld for you
Taken abroad
—
Limits
max €100,000
Protection
Irish DGS · €100,000
Needs a free Monzo current account. The first digital bank with a full Irish banking licence: Irish guarantee, DIRT handled for you.
1 Aug 2026
Bank of IrelandAdvantage Fixed Term
1.51%
Term / access
6 months · Up to 25% accessible during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
1 Aug 2026
AIBFixed Term Deposit
1.50%
Term / access
6 months · No access during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
1 Aug 2026
PTSBOnline 32 Day Notice
1.25%
Term / access
Notice · 32 days notice
DIRT
33%withheld for you
Taken abroad
—
Limits
No stated limit
Protection
Irish DGS · €100,000
1 Aug 2026
PTSBOnline Fixed Term
1.25%
Term / access
6 months · No access during term
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
1 Aug 2026
Bank of Ireland31 Day Notice
1.00%
Term / access
Notice · 31 days notice
DIRT
33%withheld for you
Taken abroad
—
Limits
from €5,000
Protection
Irish DGS · €100,000
1 Aug 2026
AIBOnline Notice Deposit 7
0.75%
Term / access
Notice · 7 days notice
DIRT
33%withheld for you
Taken abroad
—
Limits
max €1,000,000
Protection
Irish DGS · €100,000
1 Aug 2026
N26Instant Savings
0.30%
Term / access
Instant access · Instant access, interest paid monthly
DIRT
33%self-assess
Taken abroad
Paid gross
Limits
No stated limit
Protection
German DGS · €100,000
Standard plan rate; Metal plan earns 1.50%. N26 pays gross: you declare the interest to Revenue yourself.
1 Aug 2026
AIBPersonal Demand Deposit
0.25%
Term / access
Instant access · Instant access
DIRT
33%withheld for you
Taken abroad
—
Limits
No stated limit
Protection
Irish DGS · €100,000
All balances, no maximum.
1 Aug 2026
EBSInstant Access
0.25%
Term / access
Instant access · Instant access
DIRT
33%withheld for you
Taken abroad
—
Limits
No stated limit
Protection
Irish DGS · €100,000
EBS currently offers no fixed-term deposit to new customers.
1 Aug 2026
Bank of IrelandDemand Deposit
0.10%
Term / access
Instant access · Instant access
DIRT
33%withheld for you
Taken abroad
—
Limits
No stated limit
Protection
Irish DGS · €100,000
1 Aug 2026
PTSBOnline Instant Access
0.01%
Term / access
Instant access · Instant access
DIRT
33%withheld for you
Taken abroad
—
Limits
No stated limit
Protection
Irish DGS · €100,000
1 Aug 2026

Ranked by AER, highest first. Nobody can pay for position or inclusion. How we rank, and how we get paid

First, the rate you are already paying

Every table on this site ranks what your money can earn. None of them can see what it already costs you, and for most people that is the bigger number. Interest you pay is not taxed, so clearing a debt beats a deposit paying the same headline rate every time — DIRT only ever takes a bite out of one side of the comparison.

The top rate in the table is 3.30%, which after 33% DIRT leaves you 2.21%. That is the hurdle. Any borrowing costing more than 2.21% — most credit cards, most car finance, most personal loans, most overdrafts — is earning your money a better and completely certain return than any account listed here, because the saving is the interest you stop paying. Only tax-free State Savings are compared against their headline rate instead, since nothing is deducted from them.

Two things this does not mean. Keep an emergency fund liquid regardless: a cleared loan is not money you can reach on a Tuesday, and borrowing it back costs more than the interest you saved. And check for a redemption penalty before overpaying a fixed rate — some are free to clear, some are not, and the penalty can be larger than a year of the difference. Once the expensive debt is gone, the table above is the right question again.

The three-bucket split

Bucket one, the next 12 months. Emergency fund and anything you might spend. Best instant access rate wins, currently 3.10%. Rate matters less than access; never lock this money.
Bucket two, money with a date. The car, the extension, the tax bill. A notice account or a fixed term that matures just before the date. You know the date; make the money agree to it.
Bucket three, not this decade's money. The longest fix you are comfortable with, up to 3.30% at the top of the table, or State Savings where the DIRT exemption does the work of a higher rate. For genuinely long horizons, deposits stop being the answer at all: that conversation lives at etf.ie.

Over €100,000: the guarantee comes first

Deposit protection is €100,000 per person per institution. Above that, the rate is the second question and the split is the first: two banks for €200,000, or joint accounts doubling each limit for couples. State Savings are the exception, with an unlimited State guarantee and a €120,000 cap per person per fixed-term issue. The protection column in the table names the scheme on every row, because "guaranteed" without a country attached is not information.

The DIRT arithmetic on a lump

On €50,000 at 3.00%, DIRT takes €495 of the €1,500 interest every year. That is why the DIRT-free State Savings rates punch above their headline, and why the exemptions for over-65s are worth a form. Run your own number in the calculator.

Questions Irish savers actually ask

Where is the best place to put a lump sum in Ireland?: Split it by when you need it. Money for the next year: the best instant access rate. Money with a known date: a notice account or a fix that matures before the date. Money you will not touch: the longest fix you are comfortable with, or DIRT-free State Savings if you pay tax at the top rate.
What should I do with more than €100,000?: Deposit guarantees cover €100,000 per person per bank, so split anything above that across institutions. A couple gets €200,000 per bank in joint names. State Savings carry an unlimited State guarantee, which makes them the simplest home for the amount above your bank limits.
What is a savings ladder?: Splitting a lump across terms, for example a third each in 1, 2 and 3 year fixes. Something matures every year, so you get most of the long-term rate while never being more than a year from a chunk of the money.
Should I pay off my mortgage instead of saving a lump sum?: Compare after-tax: deposit interest loses 33% to DIRT, while a mortgage overpayment "earns" your mortgage rate tax free. At typical Irish mortgage rates the overpayment usually wins mathematically. Keep an emergency fund liquid either way, and check whether your fixed rate carries a redemption penalty.
Should I clear other debts before saving?: Work out what the best rate here leaves you after DIRT — 2.21% on today's top rate of 3.30% — and treat that as the hurdle. Debt costing more than that, which covers most credit cards, car finance, personal loans and overdrafts, is the better use of the money, because the interest you stop paying is never taxed and never uncertain. Keep an emergency fund liquid either way.