News | Latest Breaking News Stories & Headlines

Household attitudes to the savings environment are changing rapidly this year, Bank of Ireland figures show

Level of saving normalises to pre-Covid amounts - BoI

Despite inflation dropping from a high of 9.2% in October last year to 6.6% in May this year, the latest Bank of Ireland Savings and Investment Index shows that inflation remains the biggest concern for Irish consumers.

Business • 30 Jun 23

The bank is introducing two new 1-year fixed term deposit accounts

Bank of Ireland increases some deposit account rates

Bank of Ireland has become the latest bank to pass on more of the ECB interest rate increases to its deposit customers.

Business • 17 May 23

Households here built up a lot of savings over Covid-19 and they are not winding them down

Households saving rate stays high at 20% in Q4 - CSO

New figures from the Central Statistics Office show that households' saving remained high during the last three months of 2022.

Business • 09 Mar 23

The CSO figures show that households saved 19% of their income during the third quarter, down from 20% in the previous quarter

Standard of living dropped in the third quarter of 2022

Figures from the Central Statistics Office (CSO) show that the standard of living declined by 1.2% in the third quarter of last year, when compared to the same period the previous year.

Business • 10 Jan 23

Two thirds of consumers plan to put at least some money aside on a regular basis this year

Savings plan - 65% plan to save regularly in 2023

The announcement by Amazon of major layoffs comes as the cost of living crisis sees customers cut back on spending.

Business • 05 Jan 23

A savings rate of 19% is still high compared to pre-Covid levels of about 10%, the CSO said today

Households' savings rate eases to 19% in Q3 - CSO

The rate of household savings fell in the third quarter of this year to 19% of disposable income, according to data published by the Central Statistics Office today.

Business • 07 Dec 22

A potential emergency is the top motivation for longer-term savings for 54% of those surveyed

61% of working adults have a rainy-day savings fund

61% of working adults currently have a rainy-day savings fund, according to a survey commissioned by CWM Wealth Management.

Business • 16 Nov 22

Rising wages and continued strong levels of savings helped to boost household wealth last year

Irish households added €32bn to their wealth last year

Irish households added €32 billion to their wealth last year, according to the Central Statistics Office.

Business • 01 Nov 22

The amount of money in Irish bank accounts would cover the cost of multiple Budgets - but finding a good use for it at the moment is not easy

Can Ireland's bumper savings be put to good use?

Irish household amassed a significant nest egg over the course of the pandemic, but options for how best to take advantage of that are limited, writes Adam Maguire.

Business • 25 Sep 22

The findings reflect the impact of rising prices, and the back to school costs faced by many households.

Consumers saving less due to rising prices

Consumers are saving less and spending more due to the cost of living crisis, the latest Bank of Ireland Savings and Investment index shows.

Business • 19 Sep 22

The average household saved just over 19% of its income in the second quarter, new CSO figures show

Households still saving 19% of their incomes - CSO

New Central Statistics Office figures show that households in the second quarter of this year continued to save more than they did pre-Covid, despite inflationary pressures.

Business • 09 Sep 22

The Bank of Ireland survey shows that 42% of people are concerned about every day bills, up from a rate of 35% in November

Worries over paying bills growing - Bank of Ireland

A new report shows that people are becoming more concerned about their jobs, paying bills and other day to day worries, but they are still saving more than before the outbreak of Covid-19.

Business • 14 Mar 22

Household savings fell by €0.3 billion to stand at €7.4 billion in the third quarter as Covid curbs eased

Household savings fall in Q3 but net wealth increases

New figures from the Central Bank show that household savings declined for the second quarter in a row during the third quarter of 2021, but they still remain elevated compared to pre-pandemic levels.

Business • 10 Feb 22

Household savings stood at €136bn at the end of last year

Household savings rose €11.3bn last year

The amount of money saved by Irish households last month rose by €1.3bn, latest data from the Central Bank of Ireland shows.

Business • 31 Jan 22

Despite the reduced saving, household deposits did still rise by €11 billion in the year to the end of November

Deposits fell by biggest amount since 2010 in November

Deposits made by Irish households fell by €1.4bn in November as consumers loosened their purse strings and increased their spending in the run-up to Christmas.

Business • 07 Jan 22

People's willingness to save tends to fall in the lead up to Christmas - but the drop is particularly pronounced this year

Desire to save or invest down sharply - survey

Consumers' desire to save or invest their money has fallen sharply, according to a survey by Bank of Ireland.

Business • 22 Dec 21

Consumers have continued to build up their deposits and savings despite the easing of restrictions on retail and hospitality

Household deposits continued to rise in October

Consumers have continued to set aside more money in recent months, according to the Central Bank, with household deposits reaching €136 billion at the end of October.

Business • 30 Nov 21

Household wealth stands at €186,589 per capita, new Central Bank figures show

Household savings still high despite small dip in Q2

New figures from the Central Bank show that household net worth rose by 3.6%, or €32 billion, to a series high of €935 billion in the second quarter of this year.

Business • 11 Nov 21

Deposits from households stood at €134 billion at the end of August, new Central Bank figures show

Household deposits fall for first time since late 2019

New figures from the Central Bank today show that Irish household deposits declined in August for the first time since November 2019.

Business • 30 Sep 21

Spark Crowdfunding CEO Chris Burge said the company's role is to facilitate connections between exciting Irish start-ups and individual investors interested in finding the next Stripe

Spark Crowdfunding reports record growth in activity

Irish start-ups raised more than €6m from the public in the first eight months of the year, new figures show today.

Business • 14 Sep 21

New research could signal a lower-than-expected post Covid 'bounce' in the economy

Lower than expected post Covid bounce from savings

People are adopting a more conservative approach to using savings build up during the Covid-19 pandemic than anticipated, new research from Permanent TSB Bank and research company Kantar shows.

Business • 30 Aug 21

The CSO said the Gross Saving Ratio rose to 31% in the first quarter of 2021 from 25.8% in the fourth quarter of 2020

Households saved over €10 billion in Q1 - CSO

New figures from the Central Statistics Office show that households saved over €10 billion in the first quarter of the year - more than four times the amount usually saved at that time of a year.

Business • 23 Jul 21

While household deposits continued to grow in May, rising to a record €131.5 billion, the pace of growth in savings had eased somewhat

Appetite for saving money declines as economy reopens

There are indications in Bank of Ireland's latest Savings and Investment Index that appetite for saving money is declining as the economy continues to gradually reopen.

Business • 16 Jul 21

The UK economy shrank a bit more than previously thought in the first quarter as GDP contracted by 1.6%

UK households boosted their savings in early 2021

UK households raised their savings sharply in early 2021 as coronavirus lockdowns closed bars, restaurants and many shops, potentially boosting their spending power as the restrictions are gradually lifted.

Business • 30 Jun 21

A new survey indicates that most families that have saved, plan to hang onto much of that cash

Keep, splurge, invest: What to do with pandemic savings

While many have lost their jobs throughout the pandemic, others have seen their finances improve.

Business • 21 May 21