Irish household savings increase by €8bn over the last year  

Central Bank figures show total household savings has reached €152bn — up €7.9bn from April 2022

Irish households have €152bn in savings in banks, most of which is in overnight deposit accounts. 

Irish households saved nearly €8bn in the year to April despite the ongoing cost-of-living crisis, new figures from the Central Bank of Ireland show.

Figures released on Wednesday show total household savings has reached €152bn — up €7.9bn from April 2022 — almost all of which, 94%, is sitting in overnight deposit accounts rather than longer-term savings accounts.