Ireland — State Savings vs bank after 33% DIRT
State Savings vs bank
These are example numbers — change them. Not advice.
Compare a tax-free State Savings product with a bank deposit after 33% DIRT. Numbers update as you type.
€
State Savings AER assumes hold to term
6-Year Instalment Savings — 13.5% total (2.33% AER) is a monthly plan, so it is not in this lump-sum comparison.
%
DIRT
33% fixed — you cannot turn DIRT off
State Savings rates from NTMA issues on/after 30 Aug 2026. Bank interest taxed at 33% DIRT. Not advice.
Result
State Savings wins by €503
State Savings
€11,200
5-Year Savings Certificate · tax-free · 5 years
Bank after DIRT
€10,697
2.00% AER · 33% DIRT · 5 years