Banks calls for the introduction of savings and investment accounts 

As of the end of December, Irish households held nearly €170bn in savings. 

BPFI chief executive Brian Hayes said it was 'vital' Ireland looks at 'what we can do at home to strengthen long-term savings, investment and financial resilience'.

The Banking and Payments Federation, Ireland (BPFI) has written to the Taoiseach calling on the Government to introduce savings and investment accounts (SIA) to encourage people to invest their money and help make capital available to support businesses.

According to data from the Central Bank of Ireland, as of the end of December, Irish households held €169.8bn in savings combined. On an annual basis, household deposits increased by €10.6bn, or 6.7%, over the course of 2025.