What interest does MoCo pay?

2.1% AER variable on the Easy Saver, instant access, €1 minimum and no maximum balance. Verified on moco.ie on 3 August 2026.

Does MoCo deduct DIRT?

Yes. MoCo calculates and pays DIRT on your behalf, so there is no Revenue return to file on the interest. Among instant access accounts paying more than 2%, it is the only one that does.

Is money in MoCo protected?

Yes, to €100,000 per depositor, by the Austrian scheme Einlagensicherung AUSTRIA rather than the Irish Deposit Guarantee Scheme. MoCo is the Irish branch of BAWAG P.S.K., an Austrian bank.

Who can open a MoCo savings account?

Individuals over 18 who live in Ireland and are not US citizens or US tax residents. MoCo serves personal customers only, not businesses or clubs.

MoCo pays 2.1%, and handles the DIRT

MoCo is BAWAG’s Irish branch, a mortgage lender that added deposits in October 2025. The Easy Saver pays 2.1% instant access — not the top of the market, but the top of the part of the market where DIRT is handled for you.

Every rate on this page was read from the provider's own site. Last verified 3 August 2026.

MoCo savings and deposit accounts with AER, DIRT treatment and protection
Provider & account			Limits	DIRT	Taken abroad	Protection	Verified
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

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

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

MoCo's best lump sum rate

2.10%

Easy Saver

The market's best

3.30%

Raisin · Deutsche Bausparkasse Badenia, fixed term deposit

See every rate ranked or go straight to Raisin

The rate, and what sits above it

Easy Saver pays 2.1% AER variable, instant access, €1 minimum, no maximum, no withdrawal fee or penalty. Interest accrues daily. Opening is app-based and takes minutes; you must be over 18, resident in Ireland, and not a US person.

Two instant access accounts pay more: Trade Republic’s new-customer offer and the Raisin marketplace. Both pay gross, so you file the interest with Revenue yourself. MoCo deducts DIRT before it pays you, which makes it the highest instant access rate in the market that leaves you nothing to do.

The guarantee is Austrian

MoCo trades as a branch of BAWAG P.S.K., authorised by the Austrian Financial Markets Authority and regulated by the Central Bank of Ireland for conduct of business only. Deposits are covered to €100,000 by Einlagensicherung AUSTRIA, not the Irish scheme.

The cover is the same size and the EU rules behind it are the same rules. What differs is who you would be claiming from: an Austrian scheme, in a scenario that has not arisen. Worth knowing, not worth fearing.

The 2.6% you may have read about

MoCo ran a 2.60% promotional rate for savers who had not taken a promotional rate before, available on accounts opened up to and including 30 July 2026, reverting to the variable rate from 3 November 2026. That window has closed. Comparison pages still quoting 2.6% are quoting an offer you can no longer open.

MoCo questions, answered straight

What interest does MoCo pay?: 2.1% AER variable on the Easy Saver, instant access, €1 minimum and no maximum balance. Verified on moco.ie on 3 August 2026.
Does MoCo deduct DIRT?: Yes. MoCo calculates and pays DIRT on your behalf, so there is no Revenue return to file on the interest. Among instant access accounts paying more than 2%, it is the only one that does.
Is money in MoCo protected?: Yes, to €100,000 per depositor, by the Austrian scheme Einlagensicherung AUSTRIA rather than the Irish Deposit Guarantee Scheme. MoCo is the Irish branch of BAWAG P.S.K., an Austrian bank.
Who can open a MoCo savings account?: Individuals over 18 who live in Ireland and are not US citizens or US tax residents. MoCo serves personal customers only, not businesses or clubs.