Savings Held Abroad Grow 14.6% in 2025; Reach €4b Threshold
Deposits held by Irish households in other eurozone countries more than double in four years’ time
Irish households are increasingly placing their savings with banks in other eurozone countries. A survey by Raisin based on data from the European Central Bank (ECB) released today reveals that, since the end of 2021, deposits held abroad have more than doubled, rising from €1.95 billion to €4.11 billion at the end of 2025.
Savings abroad grow significantly faster than domestic deposit
Year-on-year growth figures show that deposits held by Irish households in other eurozone countries have experienced significantly stronger growth dynamics compared to deposits held with Irish banks. Total household deposits in Ireland reached €169.8bn in 2025.
Deposits held abroad now represent approximately 2.37% of total Irish household deposits, up a full percentage point from just 1.37% at the end of 2021.
Particularly strong growth in eurozone deposits was visible in 2022 (+67.2%) and again in 2024 (+22.9%), while growth in Irish domestic deposits remained comparatively moderate (+5.5% and +4.4% respectively). In 2025, domestic deposits grew by 6.6%, while eurozone deposit growth reached 14.6%.
“Irish savers are becoming more rate-aware”
Eoghan O’Hara, Country Manager Ireland at Raisin, comments:
“The data shows that Irish savers are increasingly more aware that deposit rates can vary significantly across banks. There are new market entrants both from Ireland and other Eurozone countries. A more dynamic savings market benefits all, and the pace of growth demonstrates that more savers are taking the time to compare rates and consider if their savings are in the best place to make a worthwhile return.”
Als Pionier für Spar-, Investment- und Altersvorsorgeprodukte ermöglichen wir Privatkunden einen unkomplizierten Zugang zu globalen Einlagen- und Kapitalmärkten – ein Vorteil, der auch Finanzinstitute stärkt.
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All interest rates displayed are Annual Equivalent Rates (AER), unless otherwise explicitly indicated. The AER illustrates what the interest rate would be if interest was paid and compounded once a year. This allows individuals to compare more easily what return they can expect from their savings over time. Raisin Bank, trading as Raisin, is authorised/licensed or registered by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany and is regulated by the Central Bank of Ireland for conduct of business rules.