With €156bn on deposit Irish households continue to pass up on better interest rates

Even in a period of raised interest rates, Irish savers are still not making the most of their money

The Central Bank of Ireland reports that the average interest rate on a fixed-term deposit account is now 2.68%, up from 2.51% at the start of the year

A quarter of us don’t know that there are better savings rates out there right now, while 10% say it’s too much hassle to go moving money about. A further 8% say they haven’t sought better rates as they have no savings goal while 25% of people say they don’t want to lock their money away for a long period of time.

That’s according to new research from Bonkers.ie in conjunction with RED C.