Monzo Savings Accounts in Ireland - March 2026

Monzo offers 1 savings accounts in Ireland. Monzo launched in Ireland in 2025 and is the first digital bank with a full banking license directly from the Central Bank of Ireland. Unlike other neobanks (Revolut, N26, Bunq) which passport EU licenses, Monzo offers Irish IBANs, automatic DIRT deduction, and Irish Deposit Guarantee Scheme protection up to €100,000.

Summary

Instant Access Accounts (1)

Withdraw anytime without penalty.

Frequently Asked Questions

What is the best Monzo savings rate?

The best Monzo savings rate is 1.6% AER on their Instant Access Savings.

Is my money safe with Monzo?

Monzo deposits are protected by applicable deposit guarantee schemes. Check their website for details.

How is DIRT tax handled?

Monzo automatically deducts DIRT (33%) from interest earned. You don't need to declare this separately on your tax return.

Can I access my money instantly?

Yes, Monzo offers 1 instant access account with rates up to 1.6% AER. You can withdraw anytime without notice or penalty.

How do I open a Monzo savings account?

Download the Monzo app, complete ID verification, and start saving within minutes. As Monzo is regulated by the Central Bank of Ireland, you'll receive an Irish IBAN and full Irish DGS protection - a key advantage over other neobanks.

Is Monzo new to Ireland? What makes it different?

Yes, Monzo launched in Ireland in 2025. It's the first digital bank to receive a full banking license directly from the Central Bank of Ireland - unlike Revolut (Lithuanian license), N26 (German), or Bunq (Dutch) which operate through EU passporting. This means Irish IBANs, automatic DIRT deduction, and Irish DGS protection.

Compare Other Providers

More Information