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Cost Comparisons

Regular savings account

This survey contains up-to-date information on the main regular savings accounts available from individual firms. For further information, please see our disclaimer.

Financial InstitutionProduct
(click on the links for further information)		Interest rate (A.E.R.)Any introductory/temporary rate offersMinimum lodgement per monthMaximum lodgement per monthMaximum number of withdrawals allowed per year without penalty
AIBRegular Savings Account3.50%1Yes, see footnote below.1€10€500Unlimited
Parent Saver Account3.50%No No minimum€200Unlimited
An PostInstalment Savings3.37%2, 3, 4None€25€1,000None
Bank of IrelandEasysaver3.25%5None€20€500Four
EBSOptimise Flexible Savings Account61.00%No€5€1,000Unlimited
Family Savings Account4.00%7Rate is fixed for a 12 month period€100€1,000Two8
Irish Nationwide Building SocietyRegular Saver Deposit Account3.35%9Yes, see footnote below9€100€1,000 (Joint account is €2,000)10Two
National Irish BankFlexible Savings Account111.00%NoneNo minimumNo maximumUnlimited
Nationwide UK (Ireland)Easy Access Savings Account3.15%NoneNo mimimum12No maximumSix
Permanent TSB21 Day Notice3.75%None€1.00€1,000Unlimited but if 21 days notice is not provided, withdrawal is subject to charge.13
RaboDirect14RaboDirect Savings Account2.00%NoneNo minimumNo maximumUnlimited
Ulster BankSpecial Interest Deposit Account4.00%15None€1€1,000Unlimited
  1. At the end of the twelve month period the account will automatically change to the standard variable interest rate applicable to the product at the time.
  2. Interest on An Post Instalment Savings is tax free.
  3. For further details of the interest accruing during the 5 years contact An Post or your local Post Office.
  4. Instalment Savings is a scheme where the saver agrees to pay a stated sum each month for a 12 month period. Interest accrues on a yearly basis after the completion of the savings cycle. The amount grows each year to a total of 20% after 5 years (after the end of the savings period). This is equivalent to 3.37% (taking account of the contribution period). To maximise the interest return the savings should be left on deposit for the full 5 year term i.e. 6 years after the first instalment was made. The saver can choose not to save in a particular month.
  5. 3.25% on balances up to €5,000 and 1.00% on balances above €5,000.
  6. Customers will gain membership of EBS.
  7. The rate above applies for the first 12 months only. When the account matures after 12 months customers can withdraw their savings or sign up for another 12 month term with a new interest rate applying. The rate of interest customers will get for the second year is 3%.
  8. One withdrawal is allowed during the first year term and another withdrawal on the maturity date.
  9. Interest guaranteed to be 1% above ECB rate until 31 December 2010.
  10. You can open an account as the sole account holder or with someone else as joint account holders but you can not open both sole and joint accounts.
  11. Only one account permitted per customer.
  12. A minimum of €2,000 is required to first open an Easy Access Savings Account . There is no requirement to make a lodgement each month.
  13. If less than 21 days notice is given, a penalty of 0.0103% interest will be charged on the amount withdrawn for each day notice is not provided.
  14. Only available online.
  15. Rate of 4.00% on the balance up to €15,000. Then 1.5% on the remainder of the balance over €15,000.

Please note:

You usually have to pay a Government tax (called DIRT) on any interest you earn on savings and deposit accounts.� More information on DIRT can be found�on the�Revenue's website.

See our�savings�accounts section for�more�savings information. Use our jargon buster, if you need an explanation of financial terms in plain English.




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