We’re a nation of savers that are actually quite bad at saving (opens original article in a new tab)

Irish savers are holding over €170 billion in low-yield deposits, losing value due to inflation, despite available higher-return options. A new government scheme aims to make investing easier and more transparent.

• Irish households have over €170 billion in low-yield bank deposits, losing value due to inflation and minimal interest rates.
• Alternative savings options like Raisin Bank offer higher returns, but many savers remain unaware or hesitant to switch.
• A new government savings scheme aims to simplify investing and encourage moving money from low-yield accounts to managed funds.