Raisin Ireland review
Updated September 30, 2026 · VaultCue Editorial Team · Facts checked September 30, 2026
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Our verdict
Raisin Ireland suits savers who want flexible access to savings through Raisin Bank AG with helpful support and clear withdrawal terms for everyday goals. Its headline rate is 3.1% on a variable basis with opening deposit from €1 while cover applies through EU DGS up to EUR 100,000 for eligible balances.
Key facts
- Best for
- Flexible savers seeking easy access with modest entry deposit
- Headline rate
- 3.1%↗
- Rate type
- Variable↗
- Minimum deposit
- €1↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Top up and withdraw whenever you like↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Regulators
- BaFin, Central Bank of Ireland↗
- Legal entity
- Raisin Bank AG↗
- Headquarters
- Germany↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- raisin.ie
Facts checked September 30, 2026, 2 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
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Pros and cons
Pros
- Headline rate of 3.1% with rate type variable for flexible savings that stays near 3.25%
- Minimum deposit from €1, keeping entry modest against typical savings thresholds
- Deposit protection stated as EU DGS up to EUR 100,000 for eligible balances held through partner banks
- Access terms of Top up and withdraw whenever you like allow deposits and withdrawals around everyday needs
- Support through email, phone and help centre gives email and phone options alongside guided help
Cons
- Rate type is variable, so the headline rate of 3.1% can move after opening and returns may vary
- Cover is limited to EU DGS up to EUR 100,000, so balances above the stated level need careful planning across accounts
- Minimum deposit of €1 still applies before saving can begin, which matters for very small starting balances
Who it suits
- Savers wanting flexible access with Top up and withdraw whenever you like rather than Plazo style locked terms
- New savers starting from €1 who might find eToro less savings focused
- Savers valuing guided help through email, phone and help centre instead of AXI Card Tarjeta y Credito style credit support
Who should look elsewhere
- Savers seeking locked returns rather than variable interest may prefer Plazo style terms over variable
- Readers focused mainly on balance interest comparisons may review eToro beside 3.1% before choosing
Deposit protection
Protection for eligible savings is stated as EU DGS up to EUR 100,000. That wording sets the framework for how balances held through partner banks are covered, subject to the rules of the scheme that applies to each deposit. Oversight context includes BaFin and Central Bank of Ireland, which appear alongside the protection wording on savings pages. Together, EU DGS up to EUR 100,000 and BaFin and Central Bank of Ireland help you see where cover comes from and which authorities are named in connection with the offer. For everyday use, it helps to keep deposits within the stated cover and to read account documents carefully. Where balances grow beyond the stated cover, spreading funds across eligible providers can help keep protection aligned with savings goals. Statements and account messages will name the relevant bank for each deposit, so you can match balances with the cover described.
Fees and FX
The monthly charge is shown as €0, which keeps holding costs predictable while balances earn interest and remain available for withdrawal. That level of charge supports budgeting for emergency funds, short term goals, and money parked between larger decisions. The minimum deposit is shown as €1, so you can begin with a modest transfer and build over time as pay arrives. In combination, €0 and €1 keep entry and ongoing holding costs modest for savers using flexible access. The structure suits gradual saving, where small and regular additions grow steadily without pressure to commit large sums at the start. When planning transfers, allow time for payments to clear and keep a linked account ready for smooth movement in either direction.
Who regulates it
Oversight for the Irish savings offer is linked to BaFin in Germany and the Central Bank of Ireland in Ireland. The legal entity behind the service is based in Germany and offers savings to Irish residents through local pages and account documents. That structure explains why German and Irish authorities are named together, with prudential and conduct roles allocated under European arrangements. For practical use, always check account opening papers for the entity named on your deposit and for guidance on where to direct queries. Where questions concern authorisation, supervision, or complaints handling, the documents will point to the appropriate authority and to the steps involved. Keeping copies of terms, statements, and messages helps you track responsibilities and follow the correct channel when support is needed.
Rates and card terms
The headline rate is 3.1% and the rate type is variable. A variable return means the rate can rise or fall after opening, reflecting moves by partner banks and wider market conditions. That setting suits savers who value access over a locked promise, accepting movement in exchange for flexibility on deposits and withdrawals. To use the offer well, watch account notices for rate changes and compare 3.1% with other flexible options before adding larger balances. It can help to review returns at regular intervals, especially when market conditions shift or when savings goals change. Where stability matters more than access, a different style of product with a set term may deserve attention, while flexible balances can remain available for near term needs.
Access to your money
Access is described as Top up and withdraw whenever you like, which points to an easy access style where you can add funds and take money out without a fixed term. That flexibility helps with emergency savings, short term goals, or parking funds between larger decisions. The rate type is variable, so easy movement sits alongside a return that may adjust over time. Keep a linked account ready for transfers and allow time for payments to clear when planning withdrawals. Regular top ups can help balances grow steadily, while withdrawals can be timed around bills, travel, or household plans. By matching deposits and withdrawals to monthly budgets, you can keep savings working while retaining the freedom to respond when needs change.
How Raisin Ireland compares
9.2 vs 8.6
9.2 vs 9.5
9.2 vs 8.0
9.2 vs 8.9eToro lists a headline rate of 3.8% beside Raisin Ireland at 3.1%, which may suit readers comparing balance interest across different styles of provider
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9.2 vs 9.1
9.2 vs 9.1
9.2 vs 8.9
9.2 vs 8.7- 9.2 vs 8.0
9.2 vs 9.0
9.2 vs 8.1
9.2 vs 8.7
9.2 vs 8.0
9.2 vs 9.5
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.0
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4
9.2 vs 8.3
9.2 vs 9.0
Where Raisin Ireland is available
- Available
- Ireland
- Licence in Germany
- BaFin, checked September 30, 2026
- Licence in Ireland
- Central Bank of Ireland, checked September 30, 2026
Countries from the brand (Source, checked September 30, 2026)
Frequently asked questions
What interest rate does Raisin Ireland pay+
The headline rate is 3.1% and the rate type is variable. That means the return can rise or fall after opening, reflecting decisions by partner banks and wider market movement. You should watch account notices so you always know the current return on your balance.
How is money protected with Raisin Ireland+
Protection is described as EU DGS up to EUR 100,000. That cover applies per eligible depositor at the relevant bank, subject to scheme rules and limits. It helps you decide how much to hold in eligible savings and when to spread balances across providers.
What is needed to open and start saving+
The minimum deposit is €1. You can start with a modest transfer and then add funds gradually as pay arrives or savings grow. That low entry point suits savers who prefer to build balances steadily while keeping withdrawals available.
How can savers get help with an account+
Support is offered through email, phone and help centre. You can use email or phone for questions about deposits, withdrawals and account details. The help centre provides guides that explain common tasks, so you can resolve routine queries at a time that suits you.
Can funds be withdrawn at any time+
Access terms allow you to top up and withdraw whenever you like, described as Top up and withdraw whenever you like. The rate type remains variable, so flexibility on withdrawals sits alongside a return that can change. Keep a linked account ready so transfers can move smoothly.
What style of savings is this account+
The account kind is described through easy access, with rate type variable and headline rate 3.1%. That combination suits money you may need at short notice, such as emergency savings or funds held between larger plans. Longer term goals may need a different style of product.
Who oversees Raisin Ireland savings+
The legal entity is Raisin Bank AG, with regulators named as BaFin and Central Bank of Ireland. Day to day oversight connects with those authorities, while account administration follows the documents issued with your deposit. Always check the entity named on statements when you need to raise a query.
Sources
- raisin.com/en-ie/savings-accounts/demand-deposit-accounts checked September 30, 2026
Backs: Access terms, Account kind, Deposit protection, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type, Regulators, Support channels, Licences
“Top up and withdraw whenever you like - Demand Deposit”
- raisin.com/en-ie/site-information checked September 30, 2026
Backs: Headquarters, Legal entity
“60325 Frankfurt am Main”
Compiled from 2 source pages, checked September 30, 2026. We did not open an account.
Not confirmed yet: Term.