The 5 Best Savings Accounts in Dublin for Smarter Saving and a Brighter Future
One of the most important things we must do is to save up. But sometimes, traditional banks offer next to nothing on your nest egg, leaving your hard-earned cash in an account that lets inflation eat away at your purchasing power.
It’s important to organise emergency funds, mortgage deposits, and complex assets, especially when you want your accountant to help you keep your liabilities down whilst your savings grow.
If you don’t know how to get started, don’t worry! We gathered the best savings accounts in Dublin to stop your money from evaporating into thin air. It’s time to make your spare money work for you!
How much do savings accounts cost in Dublin?
Opening a savings account in Dublin is usually free, but some credit unions charge a €1 joining fee. Your total expenses will depend on any applicable current account charges and government duties.
| Expense Category | Typical Cost | Billing Frequency |
|---|---|---|
| Account Opening & Platform Access | €0.00 for most; €1 Donore joining fee | One-off |
| Credit Union Current Account Maintenance | €0.00 – €4.00 | Monthly, if applicable |
| Deposit Interest Retention Tax (DIRT) | 33% on earned interest | Deducted at source or via tax return |
| ATM Government Stamp Duty | €0.12 per ATM withdrawal (max €2.50 or €5.00, depending on card use) | Annually, if applicable |
1. Raisin
Website: https://www.raisin.com/en-ie/
Address: Raisin SE, P.O. Box 44, 05 60, 12005 Berlin
Contact: 01 546 1020 / [email protected]
Hours: Customer Service, Monday-Friday: 11:00 AM – 3:00 PM
Raisin lets you compare and open high-yield savings products from over 30 European partner banks through a single online hub. There’s no need to juggle separate applications and accounts with different banks.
You get direct access to market-leading fixed deposits paying up to 3.65% AER. Plus, there’s a 3.10% AER Starter Account for eligible new customers during the first three months, with zero platform fees.
On top of that, you can get started with as little as €1 on the Starter Account. Deposits are also protected up to €100,000 per depositor, per bank under the applicable national guarantee scheme.
The only catch is that Irish DIRT isn’t deducted automatically, so you must report your earnings on your annual tax return.
The terms are unbeatable
If you have enough spare cash, Raisin is the perfect place for you. I invest in savings and/or fixed-term deposits with short maturities.
The terms are unbeatable. No fees and fair interest rates, which I can only dream of at my local savings bank, where I have my checking account. Everything is simple, transparent, and very straightforward.
Plus, you’re not bombarded with annoying advertising like at other financial institutions. The newsletters you can subscribe to are factual and unbiased.
- Konrad Böhme | Google Review (Translated by Google)
The terms are always the best
I’ve been a very satisfied customer for several years, first with WeltSparen, now with Raisin. Investing is incredibly easy via mobile phone or from home on my PC. Whether it’s fixed-term deposits, savings accounts, or building wealth with ETFs, the terms are always the best. If you have any questions or problems, you get competent and friendly support over the phone, quickly and without long waiting times. Thank you very much.
- DAD | Google Review (Translated by Google)
2. Phoenix Credit Union
Website: https://www.phoenixcu.ie/
Address: Unit 9/10, Blanchardstown Business Centre, Clonsilla Road
Contact: 01 869 2500 / [email protected]
Hours: Monday-Tuesday: 9:30 AM – 5:00 PM; Wednesday: 10:30 AM – 5:00 PM; Thursday-Friday: 9:30 AM – 5:00 PM; Saturday: 9:30 AM – 2:00 PM
Phoenix Credit Union gives local savers a straightforward choice between instant-access funds and predictable annual returns. They offer accessible member share accounts with a one-year fixed deposit, paying a reliable 1.50% AER.
They also run Junior Savers accounts that help young families teach children smart budgeting habits early.
We like that you can manage accounts in person along Clonsilla Road or through their online banking portal.
Additionally, any share savings not pledged as a loan remain fully available for withdrawal at your convenience.
On the downside, the fixed-term product requires a chunky €5,000 minimum deposit and locks up your money for an entire year.
Brilliant service in both Blanchardstown and Clonsilla branches
Brilliant service in both blanchardstown and clonsilla branches everyone should use there service as banks don’t want to deal with customers anymore only online banking the credit union also sponsors local gaa soccer clubs etc and staff are very experienced and helpful especially with elderly people who use their services using their services for over 20 years and moved away from bank of Ireland because of there poor service
- John Corkery | Google Review
Most amazing customer experience
I recently join Blanchardstown & District Credit Union and I’m happy to say it was a great experience so far . The staff are friendly and helpful, and the process was straightforward. While looking at what products they offer , I appreciated the personalised attention I received from the ladies over the phone and Conor who I met today, gave me the most amazing customer experience. Thank you all .
- Anita Rafter | Google Review
3. Health Services Staffs Credit Union (HSSCU)
Website: https://www.hsscu.ie/
Address: 5 High Street, Christchurch
Contact: 01 677 8648 / [email protected]
Hours: Monday: 10:00 AM – 5:00 PM; Tuesday-Friday: 9:00 AM – 5:00 PM
Health Services Staffs Credit Union stands out for designing distinct savings accounts tailored for regular monthly habits, notice lodgements, and fixed lump sums. This gives members flexibility to align their money with specific goals.
Their structured Regular Saver handles monthly contributions between €50 and €1,000, paying out bonus interest at maturity if you complete the full term. This sets up a predictable path to build cash reserves whilst maximising its interest earnings.
You can also pick from multiple fixed terms spanning up to five years, or use their hybrid six-month notice account paying 1.50% AER.
Just remember that closing a lump-sum deposit early comes with a catch: you only keep half the interest accrued up to that point.
4. Donore Credit Union Limited
Website: https://www.donorecu.ie/
Address: 22 Rutledge Terrace
Contact: 01 453 6686 / [email protected]
Hours: Monday-Tuesday: 9:30 AM – 1:00 PM, 2:00 PM – 5:00 PM; Thursday: 9:30 AM – 1:00 PM, 2:00 PM – 5:00 PM; Friday: 10:00 AM – 1:00 PM, 2:15 PM – 6:00 PM; Saturday: 9:15 AM – 12:30 PM
Donore Credit Union offers member-owned share accounts with zero transaction fees, providing a way to build savings.
They also provide Life Savings Insurance cover on eligible savings up to €5,000, subject to policy terms. This complimentary protection provides real reassurance for families setting aside a long-term safety cushion.
There’s a €1 joining fee and an initial €10 savings lodgement for new members, which are fairly reasonable.
Members can fund their accounts via standing orders, direct debits, or over-the-counter payments. You can even withdraw unpledged funds in person at Rutledge Terrace or move money effortlessly through their mobile app.
Keep in mind that ordinary shares don’t carry a guaranteed interest rate, so your annual return hinges entirely on the dividend declared at the annual general meeting (AGM).
Savings account cover every need
Donore Credit Union is all about helping the people , the many accounts eg; Budget, Christmas Club and Savings account cover every need ,the Best Bank with the Best Staff ever ,Thank you DCU 👍
- marion coyle | Google Review
Perfect for mortgage savings too
I’ve been part of Donore credit union for close to 31 yrs now. They have been great with loans over the years, and perfect for mortgage savings too. Very friendly staff that are always willing to help.
- Declan Flynn Fitness | Google Review
5. Capital Credit Union – Francis Street
Website: https://capitalcu.ie/
Address: 2-3 St. Luke’s Gate, The Coombe
Contact: 01 299 0400 / [email protected]
Hours: Monday-Tuesday: 9:30 AM – 4:30 PM; Thursday: 10:00 AM – 5:30 PM; Friday: 9:30 AM – 4:30 PM
Capital Credit Union features competitive three- and five-year fixed-term deposits alongside their daily accessible share accounts. These terms offer predictable returns of 1.36% and 1.76% AER for members looking to secure a yield.
Starting a fixed deposit takes just €2,500, which is far more accessible than the steep entry limits set by other local institutions.
Members can also manage their flexible everyday shares through their Dublin branch network or handy mobile app. This means you still have a separate place for money you might need sooner.
The drawback is that your lump sum is locked away for the entire three-to-five-year period without any early withdrawals allowed.
THE BEST CREDIT UNION AROUND THE DUBLIN AREA
GREAT STAFF FRIENDLY AS ALWAYS AND THEY HELP YOU IF YOU HAVE DIFFICULTY IN FILLING OUT FORMS THE BEST CREDIT UNION AROUND THE DUBLIN AREA D.8 THANKS FOR ALL YOUR HELP BEST WISHES FOR THE FUTURE 💯❤️👍🇮🇪🇮🇪
- Glen Quinn | Google Review