Best Savings Account For 2025 & Beyond? [Ireland]

In this video, we're talking about what could be the best savings account for 2025 and beyond in Ireland. Trade Republic has been the number one option for Irish savers in 2023 and 2024 thus far, but are things about to change? With potential European Central Bank interest rate cuts on the horizon, are the fixed term accounts offered by Raisin Bank the superior option for Irish savers? What is the best savings account in Ireland for 2025 and beyond? Let's find out!

Intro 0:00
Sponsor 2:16
Fixed Term Accounts 3:04
Raisin Bank 5:09
Misconceptions 6:49
Deposit Guarantee Scheme 7:56
Raisin Accounts 8:42
Closing Thoughts 14:36

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*Malone Financial is affiliated with the aforementioned companies. Malone Financial receives a commission for any customer conversions realized via the affiliate links. This video includes my own opinions (which do not reflect the opinions of said companies). When investing, your capital is at risk and you may get back less than invested. Past performance is not indicative of future results. Nothing mentioned in this video should be construed as financial advice.

^Sponsored link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through the above link. Terms apply. If you enable interest, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms apply. References to "no fees and charges" relate solely to commission-free investing. Other fees may apply, please see Trading 212 terms and fees for more information.

[saoirb]

FYI - Trade Republic has said that since the ECB deposit facility rate has been cut from 4% to 3.75%, they will reduce their interest rates to 3.75% starting June 12th

[ellenmm]

Could you discuss a savings account with Revolut please? They are offering 3, 97% for Europe at the moment

[CraicDealerEire]

Hey Malone, could you do a video about ITs such as JAM, JGGI and FCIT? Would be interesting to hear your take on them as an Irish investor

[ddianpardo]

Hey Malone! It’ll be great if you do some comparations between physical or online banks operating in Ireland for personal use, including best for: low fees, mortgages and compatibility w other banks. Thanks for your videos!

[joanebf]

Hey Malone, I recently opened my trade republic account using your link!
I am planning to put my emergency fund there but my husband asked a valid question: Would it be safer to leave part of the emergency savings on a AIB savings account so we have instant access if we need it?
I believe international transfers would take at least one business day to complete

[matthewbrady]

Hi Dan, Can you add methods of valuing a business for the purpose of selling to your list?

[prateekkhandelwal]

Would really appreciate your thoughts on N26 please. Thank you!

[mr.man]

Hey Dan, I’ve been wanting to open a PRSA, but I was made aware of the new Irish auto-enrolment pension scheme recently, can you make a video talking about this and which one is better!

[shadymostafa]

Hi, can I make a monthly deposit in my account or is it just n° money upfront? Please clarify, thanks

[Konkel]

with trade republic do you need to report taxes? I found Revolut to be quite easy to deal with it but they have 3.75% APY, and also small service fee, but they do the reporting them selfs. Thinking to move all my Bank of Ireland savings as the interest is just a joke.

[Dewey-uwec]

Hey Malone. What is that 4th column about showing interest +€XXX ?

[sebastianprzeszlowski]

Hi, I found your old videos about taxation on ETFs, and I was wondering if Berkshire Hathaway is a good alternative from the taxation perspective? I hope that for Revenue BH is a stock, not ETF ...

[seanlukecorroon]

Well dude, I’d like to talk to you about investing in Irish real estate for rental income but placing the property into SPVs and setting up licensing agreements with the tenants instead of actual tenancy agreements. Maybe you could do a video on that ? I heard it can cut down on the taxes as the income is now in the name of a company, not an individual.

[serdotsenko]

Hi, thank you for your review, but why you did not mention Revolute? They pay 3.5% in EUR before tax. and N26 2.8%. Of course it is less than TR, but it is still better than AIB, BoI, AnPost and other local Irish banks 😉
Are there any Irish companies that provide crypto services?

[ecrypto]

Would you know some good options for a child savings account, Small Gift Exemption of 3k a year going into it, either a fund, savings accounts, self directed fund or even a pension

[ludmilaomelchenko]

Trade Republic is the best option at the moment and safest.

[decdev]

Could you do a video on revoluts new high interest savings account

[matthewbrady]

Hello Dan, Could you do a video on N26's new instant savings account earning 4% with no minimum or maximum balances? Is there a catch? Up to 100, 000 covered under deposit guarantee scheme

[pamelajohnnysmotorhomejourneys]

Hello

Would you do a video on the Adsense Ireland tax for YouTube channels . I don’t have a clue how it works . If you have a full time job, does this tax affect your tax in work ?
If you do a video on this it would be brilliant.
Thank you

[andreafrau]

Raisin is great...until you need a statement of transactions (that they don't provide through their platform or their support), especially for Anti-Money Laundering Checks or for mortgage approval.