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.
- Raisin · BluOr BankFixed term deposit3.23%
- Term / access
- 2 years · No access during term
- DIRT
- 33%self-assess
- Limits
- from €1 · max €100,000
- Protection
- Latvian DGS · €100,000
The highest rate open to Irish savers at any term right now.
- Raisin · BluOr BankFixed term deposit3.15%
- Term / access
- 1 year · No access during term
- DIRT
- 33%self-assess
- Limits
- from €1 · max €100,000
- Protection
- Latvian DGS · €100,000
Best 1 year rate on Raisin Ireland.
- Raisin · Haitong BankFixed term deposit3.14%
- Term / access
- 3 years · No access during term
- DIRT
- 33%self-assess
- 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.
- KlarnaFixed3.10%
- Term / access
- 4 years · No access during term
- DIRT
- 33%self-assess
- Limits
- No stated limit
- Protection
- Swedish DGS · SEK 1,150,000 (~€105,000)
Top of Klarna’s curve. No minimum deposit.
- KlarnaFixed3.05%
- Term / access
- 2 years · No access during term
- DIRT
- 33%self-assess
- Limits
- No stated limit
- Protection
- Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit.
- Trade RepublicInterest on cash3.04%
- Term / access
- Instant access · Fully flexible, interest paid monthly
- DIRT
- 33%self-assess
- 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.
- KlarnaFixed3.00%
- Term / access
- 1 year · No access during term
- DIRT
- 33%self-assess
- Limits
- No stated limit
- Protection
- Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit.
- KlarnaFixed2.89%
- Term / access
- 6 months · No access during term
- DIRT
- 33%self-assess
- Limits
- No stated limit
- Protection
- Swedish DGS · SEK 1,150,000 (~€105,000)
No minimum deposit. Oddly, the 9 month term pays less (2.46%).
- Raisin · BluOr BankFixed term deposit2.77%
- Term / access
- 6 months · No access during term
- DIRT
- 33%self-assess
- Limits
- from €1 · max €100,000
- Protection
- Latvian DGS · €100,000
Best 6 month rate on Raisin Ireland.
- Bankinter (Avant Money)Deposit Plus Fixed Term2.72%
- Term / access
- 6 months · One withdrawal of up to 25% after 8 weeks
- DIRT
- 33%withheld for you
- 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.
- Bankinter (Avant Money)Deposit Plus Fixed Term2.30%
- Term / access
- 1 year · One withdrawal of up to 25% after 8 weeks
- DIRT
- 33%withheld for you
- Limits
- from €2,000 · max €2,000,000
- Protection
- Spanish DGS · €100,000
Sold in Ireland through Avant Money.
- AIBFixed Term Deposit2.26%
- Term / access
- 2 years · No access during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
Total return 4.55% over 2 years, interest paid annually.
- Raisin · BluOr BankDemand deposit2.25%
- Term / access
- Instant access · Instant access via the Raisin platform
- DIRT
- 33%self-assess
- Limits
- from €1 · max €100,000
- Protection
- Latvian DGS · €100,000
Best ongoing instant rate on Raisin Ireland. Held with BluOr Bank in Latvia; you declare the interest to Revenue yourself.
- Bank of IrelandAdvantage Fixed Term2.24%
- Term / access
- 18 months · Up to 25% accessible during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
Total return 3.36% over 18 months, paid at maturity.
- Bank of IrelandAdvantage Fixed Term2.15%
- Term / access
- 1 year · Up to 25% accessible during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
- AIBFixed Term Deposit2.00%
- Term / access
- 1 year · No access during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
- PTSBOnline Fixed Term2.00%
- Term / access
- 1 year · No access during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
- PTSBFixed Term (branch)2.00%
- Term / access
- 3 years · No access during term
- DIRT
- 33%withheld for you
- 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%.
- PTSBFixed Term (branch)2.00%
- Term / access
- 5 years · No access during term
- DIRT
- 33%withheld for you
- 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%.
- RevolutInstant Access Savings2.00%
- Term / access
- Instant access · Instant access, interest paid daily
- DIRT
- 33%withheld for you
- 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.
- KlarnaFlex1.97%
- Term / access
- Instant access · Instant access, interest paid monthly
- DIRT
- 33%self-assess
- 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.
- MonzoInstant Access Savings Pot1.80%
- Term / access
- Instant access · Instant access, interest paid monthly
- DIRT
- 33%withheld for you
- 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.
- Bank of IrelandAdvantage Fixed Term1.51%
- Term / access
- 6 months · Up to 25% accessible during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
- bunqSavings1.51%
- Term / access
- Instant access · 2 free withdrawals a month, interest paid weekly
- DIRT
- 33%self-assess
- Limits
- No stated limit
- Protection
- Dutch DGS · €100,000
Advertised as "up to 3.01%", but the 3.01% only applies to money above your own recent high balance. Established savings earn this 1.51% base rate.
- AIBFixed Term Deposit1.50%
- Term / access
- 6 months · No access during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
- PTSBOnline 32 Day Notice1.25%
- Term / access
- Notice · 32 days notice
- DIRT
- 33%withheld for you
- Limits
- No stated limit
- Protection
- Irish DGS · €100,000
- PTSBOnline Fixed Term1.25%
- Term / access
- 6 months · No access during term
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
- Bank of Ireland31 Day Notice1.00%
- Term / access
- Notice · 31 days notice
- DIRT
- 33%withheld for you
- Limits
- from €5,000
- Protection
- Irish DGS · €100,000
- AIBOnline Notice Deposit 70.75%
- Term / access
- Notice · 7 days notice
- DIRT
- 33%withheld for you
- Limits
- max €1,000,000
- Protection
- Irish DGS · €100,000
- N26Instant Savings0.30%
- Term / access
- Instant access · Instant access, interest paid monthly
- DIRT
- 33%self-assess
- 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.
- AIBPersonal Demand Deposit0.25%
- Term / access
- Instant access · Instant access
- DIRT
- 33%withheld for you
- Limits
- No stated limit
- Protection
- Irish DGS · €100,000
All balances, no maximum.
- EBSInstant Access0.25%
- Term / access
- Instant access · Instant access
- DIRT
- 33%withheld for you
- Limits
- No stated limit
- Protection
- Irish DGS · €100,000
EBS currently offers no fixed-term deposit to new customers.
- Bank of IrelandDemand Deposit0.10%
- Term / access
- Instant access · Instant access
- DIRT
- 33%withheld for you
- Limits
- No stated limit
- Protection
- Irish DGS · €100,000
- PTSBOnline Instant Access0.01%
- Term / access
- Instant access · Instant access
- DIRT
- 33%withheld for you
- Limits
- No stated limit
- Protection
- Irish DGS · €100,000
Ranked by AER, highest first. Nobody can pay for position or inclusion. How we rank, and how we get paid
The three-bucket split
- Bucket one, the next 12 months. Emergency fund and anything you might spend. Best instant access rate wins, currently 3.04%. 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 3.23% 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.