Household deposits in Ireland grew by an additional €699m in January, new data from the Central Bank shows.
It means that in net terms, households have increased their deposits by over €10.1bn or 8% in the last year.
The main driver of the expansion of savings continues to be overnight deposits.
However, holdings of longer-term savings accounts have fallen.
Meanwhile, the data shows that net lending to households fell by €216m in January.
The was, in the main, caused by decreases in lending for house purchases which dropped by €197m.
Consumer lending also fell by €64m during the period, the Central Bank said.
