Higher Savings Rates for Irish Customers On the Way 

Why are saving rates likely to rise Ireland 2023?
Irish banks have come under increasing pressure to increase the 0% overnight deposit rates they offer to savers.
International players like the German fintech Trade Republic and Dutch bank Bunq are offering overnight rates already in the Irish market of 1.5-2%.
What the Irish banks are really worried about though is Revolut doing the same for their 2m customers.
That would put the €150 Billion they have on deposit under threat and they need to head that off at the pass by increasing rates by around 2% in the coming months.
However, good news for savers is likely to mean bad news for borrowers as the banks will look to preserve their profits on the difference they charge between borrowers and savers, by increasing variable rates by a similar amount.