Bank deposits by Irish households rose to new record of €153.6bn last month

Three main Irish banks in earnings reports said they expect customers to shift more of their savings into higher-yielding accounts this year

Bank deposits by Irish households rose to a record €153.6bn last month. Picture: Bloomberg

Bank deposits by Irish households rose to a new record of €153.6bn last month, with a huge part of the savings still resting in low-paying accounts, economist Simon Barry has said. 

The European Central Bank figures also show that Ireland "is an outlier in the eurozone", despite recent flows into longer-term deposit accounts, Mr Barry said.