Bank of Ireland Savings Accounts Review 2026: Rates Compared
From SmartSaver.ie, Ireland's independent comparison site. Prices and rates in this guide are checked daily.
Bank of Ireland savings rates: Supersaver (3%), On Demand (0.10%), Fixed Terms. Are BOI savings worth it?
By SmartSaver Team | Published 1 January 2026 | Updated 8 July 2026 | 5 min read
Topics: bank of ireland savings, boi supersaver, boi savings rates, irish bank savings
Bank of Ireland is one of Ireland's largest banks. Here's whether their savings accounts deserve your money.
BOI Savings Rates Overview
| Account | Rate | Type | Verdict | |---------|------|------|---------| | Supersaver | 3% Year 1, 2% Year 2+ | Regular saver | Good for monthly | | On Demand Deposit | 0.10% | Instant access | Terrible | | 1-Year Fixed | 1.75% | Fixed term | Below average | | 2-Year Fixed | 1.95% | Fixed term | Below average |
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BOI Supersaver (Regular Saver)
Rate: 3.00% Year 1, 2.00% Year 2+ Max deposit: €2,500/month (max €30,000 balance) Term: OngoingWhy BOI Supersaver Is Good
Compared to AIB Online Saver:
- Higher limit: €2,500/month vs €1,000/month
- No fixed term: Continues after 12 months
- Two withdrawals allowed per year
The Catch
- Rate drops to 2% after Year 1
- Maximum balance of €30,000
- Miss a month and it affects rate
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BOI On Demand Deposit
Rate: 0.10% (0.06% after DIRT) Access: InstantThe Reality
€50,000 in BOI On Demand earns:
- Gross: €50/year
- After DIRT: €30/year
The same €50,000 in Bunq earns:
- Gross: €1,005/year
- After DIRT: €593/year
Verdict
BOI On Demand is even worse than AIB (0.10% vs 0.25%). Move lump sums immediately.
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BOI vs AIB Savings
| Factor | BOI | AIB | |--------|-----|-----| | Regular saver rate | 3% Year 1, 2% Year 2 | 3% (12 months) | | Regular saver limit | €2,500/month | €1,000/month | | On demand | 0.10% | 0.25% | | 1-Year fixed | 1.75% | 2.00% |
Regular saver: BOI wins (higher limit, no fixed term) Everything else: AIB wins (slightly) Neither wins: Neobanks beat both for lump sums---
Summary
| BOI Account | Worth It? | Alternative | |-------------|-----------|-------------| | Supersaver | ✅ Best monthly limit | None with higher limit | | On Demand | ❌ Worst rate | Bunq (2.01%) | | Fixed Term | ❌ Below average | Raisin (2.80%) |
Bottom line: BOI Supersaver is good for high-volume monthly savings. Everything else is poor.---
Frequently Asked Questions
Is Bank of Ireland good for savings?
Bank of Ireland's savings rates are poor for lump sums (0.10%) but their Regular Saver offers 3.00% for monthly deposits up to €2,500. If you have existing savings, consider Bunq or Trade Republic for much better rates.
What is the Bank of Ireland Regular Saver rate?
Bank of Ireland's Regular Saver pays 3.00% AER on monthly deposits from €100 to €2,500. The rate is fixed for 12 months. This is competitive for regular saving but requires consistent monthly deposits.
Should I move my savings from Bank of Ireland?
If you have lump sum savings earning 0.10%, yes, you could earn 2%+ with Bunq, Trade Republic, or Raisin accounts. For the Regular Saver, consider whether you'll actually make monthly deposits; if not, better options exist.
Is my money safe with Bank of Ireland?
Yes. Bank of Ireland is covered by the Irish Deposit Guarantee Scheme, protecting up to €100,000 per person. Your savings are as safe as any Irish bank.
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Last updated: January 2026---