Best Buy Instant Access & Notice Deposit Accounts

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Rates are frequently updated. Information last changed: 18 December 2024.

Highest Instant Access Rate:

€1+ - Trading212 - 3.70%

Selected Instant Access & Notice & Money Market Products:

Trading212
3.70% on €1+
  • Access: Instant access.
  • Interest paid: Daily.
  • This rate requires opt-in inside the app.
  • Tax: No taxes are deducted at source. A portion of your money is re-deposited in deposits with other banks. Another portion of your deposit may be invested in a Qualifying Money Market Fund (QMMF) but you will not have a personal stake in the money market fund. Discussion on the applicable tax rate here.
  • Fees: There are no fees.
  • Protection: (1) €20,000 via Investor Protection (this provides protection against T212 going into liquidation but does not provide capital protection) and (2) In addition, T212 provide 1 million GBP of investor protection insurance via Lloyds but this also does not provide capital protection.

Advanzia Bank
3.40% on €5,000+ for first 3 months
2.12% on €5,000+ after the first 3 months.
  • Access: Instant access.
  • Interest paid: Monthly.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • There are no fees.
  • Rate applies for new customers only who open an account before the offer expires.
  • Deposit Protection: €100,000 via Lux Deposit Guarantee.

Bunq: Easy Savings
2.01% on €1 to €100,000 for "old deposits"*
3.36% on €1 to €100,000 for "new deposits"** for a certain period of time as below.
  • Access: Instant access. 2 free withdrawals per month.
  • Interest paid: Weekly.
  • *"Old deposits" are classified as savings below your highest balance in the previous half year. (Jan to June or July to December).
  • **"New deposits" are classified as savings that surpass your highest savings balance of the previous half year. (Jan to June or July to December). For new customers, as you didn’t have any savings balance in the last half year period your threshold will be 0. Therefore, you’ll receive the "new deposits" rate on all your savings up to €100,000 until the end of the current half year period.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • There are no fees on the Easy Savings account.
  • Deposit Protection: €100,000 via Dutch deposit guarantee.

Izola Bank via Raisin Bank
3.00% on €1+
  • Access: Up to 1 week notice required, payments each Thursday
  • Tax: There is no withholding tax applied in Malta on deposit interest earned by non-residents. Deposit interest will need to be declared to the Revenue.
  • Deposit Protection: Up to €100,000 per customer via Maltese Deposit Protection.

Trade Republic
3.00%* on €0.01 to €50,000
  • *Applies from 18 December 2024.
  • Access: Instant access.
  • Interest paid: Monthly.
  • This offer requires opt-in inside the app.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • There are no fees.
  • Deposit Protection: All funds in the cash account are legally protected up to €100,000 per investor. They are held in an escrow account at one of Trade Republics partner banks. These currently are Solaris SE, J.P. Morgan SE, Citibank Europe plc and Deutsche Bank.

Britline: Livret A
3.00% less fees* on €10-€22,950 less fees
  • Access: Instant access.
  • *Current account mandatory with this product. One of two current account packages must be chosen, either "Premium" which costs €183.60/year or "Essentiel" which costs €109.80/year.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • Deposit Protection: €100,000 via French Deposit Guarantee.

Nordax Bank via Raisin Bank
2.95%* on €1 to €85,000
  • *Applies from 18 December 2024.
  • Interest paid: Quarterly.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • There are no fees.
  • Deposit Protection: 1,050,000 SEK via Swedish Deposit Guarantee.

Klarna Bank via Raisin Bank
2.93% on €1+
  • Access: Instant access.
  • Tax: DIRT not deducted at source. Deposit interest will need to be declared to the Revenue.
  • Deposit Protection: Up to SEK 1,050,000, payout in EUR.

Resurs Bank via Raisin Bank
2.88% on €1 to €85,000
  • Interest paid: Quarterly.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • There are no fees.
  • Deposit Protection: 1,050,000 SEK via Swedish Deposit Guarantee.

Plum
2.78% gross rate post fees without plan fees on €1+
2.78%-2.98% gross rate post fees with plan fees on €1+
PlanBasicProPremium
Plan cost0€24/year€120/year
Gross rate Pre-fees3.08%3.08%3.08%
Plum Fees0.20%0.20%0.00%
Blackrock Fees0.10%0.10%0.10%
Gross rate post-fees pre-tax2.78%2.78%2.98%
  • Access: Instant access.
  • Interest paid: Daily.
  • This is classified as an investment product. Money is invested into a Qualifying Money Market Fund.
  • Tax: No taxes are not deducted at source. As your money is invested in a Qualifying Money Market Fund an 'exit tax' rate of 41% likely applies. The tax on this product is higher than standard savings products and as such the return is not directly comparable to standard savings products.
  • Deposit/Capital Protection: None. Capital at risk.

Revolut: Flexible Savings: Fidelity Money Market Fund
2.74% gross post-fees pre-tax without plan fees on €1+
2.79%-3.19% gross post-fees pre-tax with plan fees on €1+
PlanStandardPlusPremiumMetalUltra
Plan cost0€48/year€108/year€192/year€540/year
Gross Rate3.24%3.24%3.24%3.24%3.24%
Service fee-0.50%-0.45%-0.25%-0.15%-0.05%
Gross Rate Post Service2.74%2.79%2.99%3.09%3.19%
41% Tax (applied to gross rate)-1.33%-1.33%-1.33%-1.33%-1.33%
Net Rate1.41%1.46%1.66%1.76%1.86%
  • This is a Money Market Fund (MMF) product.
  • Access: Instant access.
  • Tax: Tax at 41% and is deduced at source from the gross rate pre-fees. The tax on this product is higher than standard savings products and as such the return is not directly comparable to standard savings products.

Interactive Brokers: IBKR Pro
0% on first €10,000
Scaled Rates* on €10,000 to €100,000 (rate gradually increases depending on the balance*)
Aprox. 2.63%* on €100,000+ (but zero still applies to first 10k). The rate paid is "benchmark minus 0.5%", the benchmark rate is determined by IBKR and varies frequently, the rate seems to be currently normally in the approximate range stated.
  • Access: Instant access.
  • Interest paid: Monthly.
  • *Firstly, the 'headline rate' needs to be sourced from the Interactive Brokers website. The 'headline rate' varies frequently based on an internal Interactive Brokers benchmark less 0.50%. Secondly, a scale applies. For example, if the 'headline rate' is hypothetically 2.622%, a balance of €50,000 earns 1.311% (2.622%/2) because you are half way to €100,000 but the 1.311% only applies to the balance from €10,000-€50,000. Amounts in excess of €100,000 get full 'headline rate' but still have zero applied to the first €10,000.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • Deposit Protection: 90% of the first €20,000 via Irish Investor Protection Scheme.

BluOR via Raisin Bank
2.68% on €1+
  • Access: Instant access.
  • Tax: 20% withholding tax (can be reduced to 10%). Deposit interest will need to be declared to the Revenue.
  • Deposit Protection: Up to €100,000 per customer via Latvian Deposit Protection.

FIMBank: Easisave
2.60% on €50+
  • Access: Instant access.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • Deposit Protection: €100,000 via Maltese Deposit Guarantee.

Morrow via Raisin Bank
2.50%* on €1+
  • *Applies from 23 December 2024.
  • Interest paid: Quarterly.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • Tax: Morrow are a non-EU bank. According to Revenue.ie, higher rate tax payers pay 40% tax on non-EU deposit interest. Hence, 40% might perhaps apply as a tax rate for this product if you are a higher rate payer. More discussion on this here.
  • There are no fees.
  • Deposit Protection: €100,000 via Norwegian Deposit Guarantee.

HoistSparen via Raisin Bank
2.30% on €1+
  • Access: Instant access.
  • Tax: DIRT not deducted at source. Deposit interest will need to be declared to the Revenue.
  • Deposit Protection: Up to SEK 1,050,000, payout in EUR.

Lightyear
2.25%* on €1+
  • *Applies from 18 December 2024.
  • Access: Instant access.
  • Interest paid: Monthly.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • There are no fees.
  • Deposit Protection: €20,000 via Estonian Investor Protection Scheme.

Wise.com: 'Cashback': Euro
1.80% on €65+
  • Access: Instant access.
  • Interest paid: Monthly.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • There are no fees.
  • Deposit Protection: €20,000 via Investor Protection.

HSBC (via BCP.ie) Monthly Access Deposit
1.76%* on €75,000+
  • *Applies from 18 December 2024.
  • Access: Deposits and withdrawals are processed on the first day of every month and appropriate documentation to BCP no later than 5 business days in advance of the previous month-end date. The minimum amount that can be withdrawn is €10,000.
  • Interest paid: Annual in January.
  • This is a tracker product. This product tracks the ECB deposit rate less 1.30%.
  • Fees: None.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • Deposit Protection: None.

Bux
1.75%* less €2.99 per month on €100 - €100,000
  • *Applies from 1 January 2025.
  • Access: Instant access.
  • Interest paid: Quarterly.
  • Fees: €2.99 per month service fee.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • Deposit Protection: €100,000 via Dutch Deposit Guarantee.

Revolut: Instant Access Savings
1.70% without plan fees on €1+
1.70%-3.49% with plan fees on €1+
PlanStandardPlusPremiumMetalUltra
Plan cost0€48/year€108/year€192/year€540/year
Gross Rate1.70%1.70%2.10%2.50%3.00%
  • Access: Instant access.
  • Interest paid: Daily.
  • Deposit Protection: €100,000 via Lithuanian Deposit Guarantee Scheme

N26: Savings Account
1.30%* without plan fees on €1+
1.30%*-2.50%* with plan fees on €1+
PlanStandardSmartYouMetal
Plan Cost0€58.80/Year€118.80/Year€162.20/Year
Rate1.30%*1.30%*1.50%*2.50%*

  • *Applies from 8 January 2025.
  • Access: Instant access.
  • Interest paid: Monthly.
  • DIRT is not deducted at source. Deposit interest needs to be declared to the Revenue.
  • Deposit Protection: €100,000 via German Deposit Guarantee.

Revolut Pocket Points (Revpoints activated and 'Pocket Reward Activated')
0.00% on €2,500+ but with rewards.
  • Access: Instant access.
  • Interest paid: N/A.
  • Rewards accrue: Daily.
  • This offer requires 2 opt-in's inside the app. Firstly, RevPoints need to be activated and thereafter this specific reward needs to be activated.
  • There is no tax deducted at source.
  • Reward on €2,500 minimum balance in a Pocket for 1 year is "€54 off hotels/stays"* booked via Revolut Stays or "2,700 miles"**.
  • Reward on €100,000 minimum balance in a Pocket for 1 year is "€5,400 off hotels/stays"* booked via Revolut Stays or "270,000 miles"**.
  • Reward tiers grow between €2,500 and €100,000 as detailed here.
  • *If you book a hotel inside the Revolut app you can pay a part of the price with Revpoints. The conversion rate of those Revpoints are only fair as long as the rebate is not bigger than 20%. The moment you chose more Revpoints you get a much more expensive rebate rate. Hence, whilst you get good rebate value for the first 20% - hotel prices are often available cheaper elsewhere so you may not really save 20% - and the rebate value declines significantly above the first 20%.
  • **If used for cash discounts, you do not get good rebate value.
  • **If used to transfer to airlines, this can be at a 1:1 ratio with no limit.
  • Fees: None on the standard package.
  • Deposit Protection: €100,000 via Lithuanian Deposit Guarantee Scheme.

Bank of Ireland: 365 31-Day Notice Account
1.00% on €5,000 to €100,000
  • Access: 31 days notice required for withdrawals.
  • Online and by phone only.
  • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

Bank of Ireland: 31 Day Set Notice Account
1.00% on €5,000 to €100,000
  • Access: 31 days notice required for withdrawals.
  • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

PTSB: 40 Day Notice Account
1.00% on €0.01 +
  • Access: 40 days notice required for withdrawals.
  • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

AIB: Online Notice Deposit 7
0.75% on €0.01 to €1,000,000
  • Access: 7 days notice required for withdrawals.
  • Interest paid: Bi-annually in April and October.
  • Online only.
  • Customers must already have an AIB account and be registered for phone and internet banking.
  • One withdrawal per notice and at most one notice pending at any time.
  • Lodgements/withdrawals can only be made from another AIB account. Therefore, customer must keep another AIB account open.
  • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

NTMA: State Savings: Deposit Account
0.75% on €1+
  • Access: Instant access.
  • Interest paid: Annually.
  • No online access provided.
  • This State Savings account is subject to normal DIRT.
  • Deposit Protection: Unlimited via Irish government guarantee.

Notes:

Further Information:
  • Instant access and notice account rates and products change frequently. Ensure you regularly check your rate to ensure you are getting the best return for your money.
  • All rates are AER unless otherwise stated.
  • Post updates / suggestions in the deposits and savings forum.
  • There are other best buy threads for term deposits and regular saver accounts.
Rate and Product Updates:
  • If you want email updates on instant access and notice account rate changes, you can subscribe to this thread.
 
Last edited:
Top post updated.

Plum euro money market rates have decreased.

Morrow Bank euro rate, available via Raisin.ie, will decrease effective 23 December 2024.
 
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