Bank of Ireland Savings Accounts Review 2026: Rates Compared

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 | 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: Ongoing

Why 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: Instant

The 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

You're losing €563/year by keeping money in BOI.

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

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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.

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Last updated: January 2026

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