“You could then move your money to a MoCo Easy Saver account – it offers a 2.1 per cent variable rate on deposits.”
“With Raisin and Bunq, no tax on interest earned is taken at source, so it must be declared to Revenue in your tax return. MoCo, like the pillar banks here, sorts the DIRT for you.”
“Austrian-owned MoCo launches savings offering as it continues to grow mortgages”
“While the mainstream banks currently offer rates of as much as 3 per cent for certain instant-access savings accounts, there are restrictions in how much a customer can put in such accounts every month. The new MoCo EasySaver account will not have such limits”
"There’s no cap on how much you can save, and you can withdraw your money at any time without fees or penalties... opening an account is quick and straightforward and can typically be completed in around five minutes."
“Importantly, MoCo will also deduct DIRT automatically, meaning you don’t need to deal with Revenue or file a tax return in respect of your savings interest — something that isn’t always the case with non-Irish banks operating here.”
Why save with MoCo?
Free Access
Withdraw your money, any time. No fees, no penalties.
Protection
Deposit guarantee scheme protection
Daily Interest
An interest rate of 2.6% AER* that makes your money work harder for you
Open in Minutes
Online application process and account access
*AER is the annual equivalent rate and shows what the interest rate would be if it were compounded and applied each year (instead of daily). The rate of 2.6% AER is available until July 1st, 2026 on all new savings accounts opened up to and including April 30th, 2026. The rate will reduce to MoCo’s variable rate on and from July 2nd, 2026. MoCo’s current variable rate is 2.1% AER. Interest is subject to Deposit Interest Retention Tax, where applicable, on the date that interest is paid. Aggregate account balance per customer for accounts eligible for promotional rate of 2.6% is limited to €500,000.
* In certain instances, we may require additional documentation and we will advise you during the account opening process if this is the case
Built on trust. Backed by experience.
Since entering the Irish mortgage market in 2023, we’ve helped many customers purchase their new home or refinance their existing one. Now, as part of the BAWAG Group, we’re extending that same reliability to savings — helping you grow your future with confidence.
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Got Questions? We've Got Answers! Your Savings Made Simple.
All new accounts opened up to and including April 30th, 2026 qualify for the promotional rate.
The rate of 2.6% AER is available until July 1st, 2026 on all new savings accounts opened up to and including April 30th, 2026. The rate will reduce to MoCo’s variable rate on and from July 2nd, 2026. MoCo’s current variable rate is 2.1% AER.
Yes, the maximum aggregate balance per customer (whether across a single or multiple accounts) that is eligible for the promotional rate of 2.6% AER is €500,000. Any amounts that are lodged in excess of this maximum will be returned to your reference account.
The rate of 2.6% AER is available until July 1st, 2026 on all new savings accounts opened up to and including April 30th, 2026 by new or existing customers of MoCo. The rate will reduce to MoCo’s variable rate on and from July 2nd, 2026. MoCo’s current variable rate is 2.1% AER.
All you need to open an account is a valid passport.
If you are a non-Irish national, you will also be asked to provide proof of your address before the account can be opened.
You need to be over 18 years old, resident in Ireland and not be a citizen of the United States. We can only facilitate the opening of a savings account by natural persons (as distinct from legal persons) at this time.
No, you will not be charged any fees for opening or holding a MoCo savings account.
The process to open an account is straightforward and starts here.
All you need to open an account is a valid passport. If you are a non-Irish national, you will also be asked to provide proof of your address before the account can be opened. In some circumstances we may request further documentation to evidence the source of the funds that make up your deposit or to support a claim for DIRT exemption.
You can view your account balance or generate a transaction statement for the required period by accessing the MoCo Savings Hub and following the on-screen guidance.
The current rate of interest payable on new Savings accounts can be found here.
BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, trading as MoCo, is authorised by the Austrian Financial Markets Authority in Austria and is regulated by the Central Bank of Ireland for conduct of business rules. BAWAG is a stock corporation registered in Austria having its registered office at Wiedner Gürtel 11, 1100 Vienna (with registration number 205340X) and having a registered branch in Ireland (with registration number 910053). Directors: A Abuzaakouk (US), E Sirucic (AT), S Shah (US), D O´Leary (US), A Wise (US) and G Jestaedt (GER)
