Raisin (Northmill Bank AB)
Demand Deposit
AER
Compare this savings account with others to find the best rate for your needs.
Instant Access
Instant
EU DGS
1.26%
Interest Calculator
Gross Interest (1 year)
€94.00
DIRT Tax (33%)
-€31.02
You Keep
€62.98
Pros
- •Deposit guarantee protected
- •Regulated financial institution
Cons
- •Compare rates regularly as they change
- •DIRT not auto-deducted - you must self-declare on tax return
Best For
Important Notes
Via Raisin from Northmill Bank AB. - self-declare on tax return.
Tax & Admin Info
What is Raisin? Raisin is an EU savings marketplace connecting you with banks across Europe offering higher rates than Irish banks.
What is DIRT? DIRT (Deposit Interest Retention Tax) is a 33% tax on savings interest in Ireland. Irish banks automatically deduct this before paying you interest. EU banks like those on Raisin don't - you receive the full gross interest and must declare it yourself.
Tax Filing: You'll need to self-declare interest on your annual tax return (Form 11 or Form 12). Raisin provides an annual interest statement to help with this. The tax rate is still 33% - you just pay it at tax return time instead of having it auto-deducted.
Protection: Your savings are protected up to €100,000 by the deposit guarantee scheme of the partner bank's country (e.g., German DGS, Norwegian DGS).
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Rate verified: 2026-02-05