What is the interest rate on Raisin (SimpleSave) Demand Deposit?
Raisin (SimpleSave) Demand Deposit pays 2.46% AER. After 33% DIRT tax, the effective rate is 1.65%.
Raisin (SimpleSave) Demand Deposit
2.46% AER - Instant Access savings account from Raisin (SimpleSave). 1.65% after 33% DIRT tax.
Account Details
- Interest Rate: 2.46% AER (1.65% after DIRT)
- Account Type: Instant Access
- Access: Instant access - withdraw anytime
- Minimum Deposit: €1
- Maximum Deposit: €100,000
- Deposit Protection: Irish DGS
- Provider: Raisin (SimpleSave)
Notes: Via Raisin from SimpleSave. Irish DGS. DIRT not auto-deducted - self-declare on tax return.
Interest Calculator
Estimated annual interest at 2.46% AER:
- €1,000 → €24.60 gross (€16.48 after DIRT)
- €5,000 → €123.00 gross (€82.41 after DIRT)
- €10,000 → €246.00 gross (€164.82 after DIRT)
Use our savings calculator for detailed projections.
About Raisin (SimpleSave)
Marketplace for EU bank deposits. Various deposit guarantee schemes apply depending on the partner bank's country.
Website: https://www.raisin.com/en-ie/
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Frequently Asked Questions
Is my money protected with Raisin (SimpleSave)?
Yes, deposits are protected under Irish DGS. This covers up to €100,000 per person per institution.
How do I open this account?
Register at raisin.ie, complete verification, then select this offer from available options.
Do I have to pay tax on the interest?
Yes, interest is subject to 33% DIRT (Deposit Interest Retention Tax). Check with the provider whether DIRT is automatically deducted.
More Information
- Compare all savings accounts: https://www.smartsaver.ie/savings
- All Raisin (SimpleSave) accounts: https://www.smartsaver.ie/savings/provider/raisin
- Savings calculator: https://www.smartsaver.ie/savings/tools/savings-growth
- Raisin (SimpleSave) website: https://www.raisin.com/en-ie/