Where to Save Money in 2026? (AIB vs Trade Republic vs Bunq)
CORK – The golden era of 4% interest rates is over. In 2026, the European Central Bank (ECB) has cut rates down to 2.00%, and Irish banks have followed suit.
But don’t panic. You can still beat the shockingly low rates offered by traditional Irish banks (who often give you just 0.10%). Here is where smart money is moving this year.
1. Trade Republic (Still the Best for Access) 📉
Even with the rate cut, Trade Republic remains a top choice for “Instant Access” savings.
- Rate: 2.00% p.a. (Tracking the ECB rate).
- Why choose it: You can take your money out anytime. No locking it away for 5 years.
- Bonus: They pay interest monthly, so you see the growth in your account every 30 days.
2. Bunq (The Dutch Challenger) 🏦
Bunq is fully regulated and hugely popular in Ireland now.
- Rate: Approx 2.01% (via their MassInterest feature).
- Weekly Pay: Unlike others, Bunq pays interest every week. This is great for motivation!
- Safety: Your money is protected up to €100,000 under the Dutch Deposit Guarantee Scheme (same safety level as an Irish bank).
3. Trading 212 (The New Contender) 📈
Trading 212 has entered the cash game aggressively.
- Rate: Currently offering around 2.2% on uninvested Euros (slightly higher than the ECB rate).
- Risk: Note that this is technically invested in QMMFs (Money Market Funds), which is very safe but slightly different from a standard bank deposit.
💡 The “State Savings” Alternative
If you want 100% tax-free returns, look at An Post State Savings.
- 3-Year Bond: You lock your money away, but you pay No Tax (DIRT) on the profits.
- Math: A 3% tax-free return is equivalent to getting 4.5% from a bank (after tax).
Conclusion Leaving €10,000 in a Bank of Ireland current account is costing you money due to inflation. Move it to Trade Republic or Bunq today. Even at 2%, that’s €200 free money a year!