Protect your savings from global instability, and earn more while you do

Global uncertainty remains high. From renewed U.S.–China trade tension to slower European growth, markets continue to react to policy shifts, inflation, and rate changes.

While tariff escalation has paused in several sectors, instability still affects savers everywhere.

In this environment, Irish banks continue to offer some of the lowest deposit rates in Europe. Through Raisin, you can access high yield savings from trusted EU banks, all in euros and protected under national deposit guarantee schemes (up to €100,000 per institution).

The information provided here is for informational and educational purposes only and does not constitute financial advice. Please consult with a licensed financial adviser or professional before making any financial decisions. Your financial situation is unique, and the information provided may not be suitable for your specific circumstances. We are not liable for any financial decisions or actions you take based on this information.

Global markets continue to adjust to inflation pressures, slower growth, and policy changes. Although tariff escalation has paused in many sectors, trade tensions and central bank decisions still influence how markets move.

For Irish savers, this means one thing: diversification matters.

Stable, low-risk savings can help balance exposure and preserve value in unpredictable conditions.

As an open, export-driven economy, Ireland reacts quickly to global demand changes.

The graph below shows that exports account for around half of Ireland’s GDP, and the United States remains Ireland’s largest trading partner, with exports reaching around €73 billion in 2024, up by €19 billion on 2023 (source: CSO).

That openness brings benefits during growth periods but makes Irish households more sensitive when the global economy slows or interest rates remain low.

Cash can offer stability when markets are uncertain, but leaving savings in low-interest accounts means money loses value after inflation.

For example, a saver with €50,000 at 0.5% AER earns €250 a year. At 2.5% AER, the same amount earns €1,250 — a difference of €1,000 annually*.

Opening a fixed term deposit through Raisin can help maintain liquidity while improving returns, all without exposure to market risk.

*This example is for illustrative purposes only. It does not take into account taxes such as DIRT (Deposit Interest Retention Tax), withholding tax, fees, or the effects of inflation. Actual returns may differ depending on your personal circumstances and the specific product chosen.

According to our research, Irish savers are earning some of the lowest returns in the eurozone, with most household savings held in overnight accounts that paid just 0.13% interest on average last year. Over the past decade, this has resulted in the weakest long-term savings performance in the region, costing households an estimated €800 million in lost interest in a single year. Demand deposit accounts on our marketplace, meanwhile, pay up to 0.00% AER.

Fixed-term deposits offer significantly higher rates, but many savers miss out due to limited market competition and reluctance to switch banks. Exploring alternative providers, including those within the EU, can help unlock much better returns.

“In times of economic uncertainty and market volatility, it's more important than ever for Irish savers to make their money work harder. Leaving savings in low-interest accounts can mean your savings are losing value over time. Term deposits in particular offer a stable, secure way to earn higher interest, without market risk. Raisin gives Irish savers access to competitive deposit rates from banks across Europe, helping you protect and grow your savings with confidence.”

— Eoghan O’Hara, Country Head Ireland, Raisin Bank