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Central Bank data shows that household net worth has grown annually since 2012

Household net worth hits new high, as savings rise

Household net worth reached a record high of €855bn in the final quarter of last year due to an increase in deposits and savings, according to new data from the Central Bank.

Business • 06 May 21

Just 4% of respondents said they plan on blowing all their savings in one go

71% plan to continue saving post pandemic

Many people have become "accidental" savers during the Covid-19 crisis and plan to continue saving once Covid-19 restrictions are lifted, according to research carried out by Bank of Ireland.

Business • 28 Apr 21

Household deposits have risen by 14% over the last year

Household deposits reach new record level of €128bn

Household savings reached another high in February of nearly €128bn as people reduced their spending due to the Covid-19 pandemic.

Business • 31 Mar 21

The ECB has pushed its main interest rate below zero and bought nearly €4 trillion worth of assets over the last six years

Euro zone citizens give ECB's low rates the thumbs down

Euro zone citizens are mostly unhappy about the European Central Bank's cheap money policy, lamenting the low returns on their savings, inflated housing prices and growing inequality, an ECB survey shows.

Business • 09 Feb 21

Gross household savings rose by €570m between July and September to a total of €6.4 billion, new Central Bank figures show

Savings continue to rise as debt levels fall - bank

Household savings continue to rise and debt levels continue to fall, according to the latest figures from the Central Bank.

Business • 02 Feb 21

Deposits hit an historic high of €125 billion in 2020, growing by 12.8% over the course of the year, new Central Bank figures show

Household savings hit record level of €125 billion

Savers amassed an extra €14.2 billion in deposit accounts last year, according to the latest figures from the Central Bank.

Business • 29 Jan 21

Household deposits reached a record €124 billion in November, new Central Bank figures show

Household deposits at record €124 billion in November

New Central Bank figures show that Irish consumers continued to save in November as the impact of Covid-19 continued to hit people's chances and willingness to spend.

Business • 06 Jan 21

Savings and money manager app Plum launches in Ireland

Fast growing money management and savings app, Plum, has launched in the Irish market.

Business • 17 Nov 20

Household's saving levels increased in the second quarter of 2020, despite a fall in people's earnings

Big drop in consumption leads to spike in savings - CSO

New figures from the Central Statistic Office show that the big reduction in consumption patterns resulted in a sharp spike in saving levels during the second quarter of the year due to Covid-19 enforced restrictions.

Business • 02 Oct 20

ATM transactions in August were 39% below the same month last year, new Central Bank figures show

Central Bank says spending levels lower than last year

Households returned to a more normal pattern of saving in August, according to the latest figures from the Central Bank.

Business • 30 Sep 20

Bank of Ireland's latest Savings and Investment Index reveals the changing attitudes of Irish consumers as the lockdown continues to ease

Savings and investment index drops as sentiment weakens

A new reports show that consumers have begun to save less and spend more as the economy re-opens from the Covid-19 enforced restrictions.

Business • 14 Sep 20

Net lending to Irish households fell by €204m in July while mortgages fell by €88m, new Central Bank figures show

Rate of lending falls for first time since 2017

The rate of lending by Irish banks to households and businesses has fallen on an annual basis for the first time since 2017. This means people and businesses are borrowing less and repaying loans and saving more.

Business • 31 Aug 20

Persuading people to spend their savings

Will the staycation tax rebate get those who have been saving to open their wallets or are people too used to not spending?

Business • 27 Jul 20

The Central Bank said deposits are growing at their highest rate since 2007 at 9.8%

Savings surge as lending levels drop - Central Bank

Bank lending to households fell last month by €310m, new figures from the Central Bank show today.

Business • 30 Jun 20

Bank of Ireland said its latest savings index shows the resilience of Irish consumers amid the Covid-19 crisis

More people saving during Covid-19 lockdown

The latest Bank of Ireland Savings and Investment Index shows that slightly more people were saving regularly in the second quarter of this year amid the Covid-19 lockdown.

Business • 15 Jun 20

The derived saving ratio - savings as a percentage of total disposable income - increased from 10.2% in 2018 to 10.9% in 2019

Saving levels for households and governments rise - CSO

New preliminary figures from the Central Statistics Office show that the savings of households, government and financial corporations' all rose last year.

Business • 15 Apr 20

The BPFI study shows that across all age profiles everyone saves most for a rainy day, for the unexpected expenditure or tough times.

Four out of five people have savings - BPFI research

A study on personal savings has shown that most people are putting money aside for a rainy day and four out of five people (83%) have a savings account in a bank, post office or credit union.

Business • 22 Nov 19

Some credit unions put a cap on members' savings

Some credit unions have placed restrictions on the levels of savings their members can have in an effort to manage their balance sheets.

Business • 13 Jun 19

The credit union sector's total assets now stand at a record high of €17.6 billion

Credit Unions' total assets hit a record high

A new report on credit unions from the Central Bank shows improvements in the sector's financial position, but challenges still a feature.

Business • 19 Dec 18

Tom McCabe, Bank of Ireland Investment Markets said: "May's Retirement Optimism Index showed a greater degree of confidence amongst Irish people around retirement planning."

BoI index shows greater optimism about retirement

The Bank of Ireland/ESRI Retirement Optimism Index, which tracks how confident people feel about their financial prospects, increased to 104 points in May, the highest increase since the index's launch.

Business • 11 Jun 18

Once you've bought bonds, they are entered into a weekly draw, with prizes ranging in value from €50 to €50,000 (with two draws annually carrying a top prize of €1m)

What are prize bonds and should I be buying them?

With historically low interest rates persisting, it's been a struggle for some time now for savers to get any sort of decent return on deposits with banks.

Business • 07 Aug 18

Insulating your home can slash your energy bills - but it's about more than rolling out some fibreglass in your attic

Saving money at home - whatever the weather

A bout of bad weather can be quite a shock to the system - but so too is the inflated energy bill that comes a few weeks later. With a few smart investments, however, you could shelter yourself from any future costs.

Business • 07 Aug 18

Cutting deposit rates has the affect of boosting a bank's bottom line

AIB and Permanent TSB cut deposit interest rates

State-owned banks AIB and Permanent TSB have cut the returns being paid to savers.

Business • 09 Dec 14

Those over 50 were beginning to come to terms with increased taxes imposed in Budget 2014

Index shows improvement in attitudes toward saving

There has been an improvement in consumer attitudes towards saving in the past month, according to the latest Nationwide UK (Ireland) / ESRI Savings Index.

Business • 07 Apr 14

The Nationwide UK (Ireland)/ESRI Savings Index stood at 88 in December

Trend in regular savings improves

The latest savings index from Nationwide UK (Ireland) shows an increase in regular savings in December compared to the same time the previous year.

Business • 14 Jan 14