Instant Access Savings Pots: Interest and tax
Instant Access Savings Pots help you grow your money while keeping things flexible. They're great for short-term goals like saving for a holiday. Eligible deposits are protected by the Deposit Guarantee Scheme (DGS) up to €100,000.
How interest works:
These Pots allow you to grow your money with interest at a current rate of 1.6%.
Your money starts earning interest the day you deposit it.
We pay interest on the first day of each month.
To see what you've earned, go to the Saving section, tap your Pot, and look under the Interest section.
Deposit Interest Retention Tax (DIRT): We are required to deduct a tax known as Deposit Interest Retention Tax (DIRT) from the interest paid. Find more information on DIRT on Revenue’s website.
Claiming an exemption or refund:
If you’re eligible for an exemption, you’ll need to fill out a form from Revenue's website.
If you have a completed form, start a chat in the app to upload a copy.
To claim a DIRT refund, you’ll need to contact Revenue directly.
