76% of Irish people Save Every Month – But Most Earn Less Than 1% Interest

Irish Savers Can Now Access 25+ Banks and get the best rate for their savings 

askpaul.ie’s latest survey shows 76% of people in Ireland put money aside every month. That’s discipline we can all admire. 

But most of that money isn’t working hard enough. In fact, over half of Irish savers (57%) earn less than 1% interest. With inflation still high, your cash is quietly losing value in your account. So, what’s really going on? 

We stick with what we know

Around 70% of savers keep money in Irish bank accounts or credit unions. Safe? Yes. High returns? Not so much. The result: your cash is parked, earning peanuts. Habit, fear of change, or just not knowing better is costing Irish savers dearly.

Interest rates are painfully low

The headline finding is that 57% of savers earn less than 1%, and just 9% earn over 3%. In practice, this means that even diligent savers are watching inflation erode their efforts. For many, saving is no longer enough. 

People want better rates,

A whopping 66% say they’d switch providers for a better rate, with nearly half saying they’d do it if it were quick and easy. So yes, the desire is there. The barrier? Paperwork, uncertainty, and the time it takes to move money. 

The reality 

Irish people are committed savers. The problem isn’t saving, it’s that your money isn’t working hard enough.  

The opportunity is simple: A platform thaat offers competitive rates, flexible options, no fees & convenience to switch easily   

The solution: 

askpaul’s new Savings offering, in partnership with Raisin.ie, allows  you to explore a selection of savings accounts, each with different rates, terms, and benefits. And with a few clicks, you can open your high-interest savings account and start saving with banks across EU. 

Rest assured, your money is protected under the Deposit Guarantee Scheme. Whether you’re building an emergency fund, saving for a holiday, or planning for the future, this makes saving simple, transparent, and genuinely rewarding. Because at the end of the day, your money should be earning as hard as you do.