Get up to 3.10% AER* on your savings
Did you know?
Irish consumers can also save in other EU countries.
You’ll need a valid passport.
Please note: driver’s licences aren’t accepted for this process.
A document that shows where you live. This must be dated within the last 3 months and clearly display your full name and residential address along with logo of the bank, company, or government body who issued it.
You can use one of the following:
Your PPSN (Personal Public Service Number).
A current account in your own name (either solo or joint) with:
Once you’ve gathered these documents, you’ll be ready to complete the identification process and activate your account.
Yes. The Deposit Guarantee Scheme protects depositors in the event of an authorised bank, building society or credit union being unable to repay deposits. Deposits up to €100,000 per person, per financial institution, are protected under the scheme, and the money is usually paid to you within 15 working days if a distribution is necessary.
Typically within 24–48 hours once documents are verified.
No. Fixed-term accounts are binding until maturity. Consider demand accounts for greater flexibility.
Many banks offer “no withholding tax” options for Irish residents. Interest must still be declared on your Irish tax return.
No. The Raisin platform is entirely free to use.
All Raisin deposit accounts available to Irish residents are EUR-based.
NOTE:
-*AER shows you what the interest on a savings account would be if the interest was compounded and paid out to you each year (instead of monthly or over any other period). You may earn less than the AER because your money may not be invested for as long as a year.
-All rates shown and interest achievable are indicative. Information is correct as of 23/06/2025.
-By choosing a savings account which is not subject to withholding tax, you will not be liable to pay any such tax in the country where the bank is based. However, you must declare any interest earned in your Irish tax return.
-askpaul does not accept, hold or transmit client funds as part of the deposit referral service. askpaul provides an optional service to the customer in relation to deposit products via referral to the Raisin platform, which is free of charge. askpaul does not engage in any advice or recommendation vis-à-vis the customer regarding the type or suitability of deposit products. Having quick and easy access to an emergency fund via bank deposit or other such accounts is a vital part of any personal financial plan.
-Interest earned may be subject to Deposit Interest Retention Tax (DIRT).
