Saving For Your Holiday

Whether you’re planning a week in the sun or the trip of a lifetime, it pays to save up for your holiday. Don’t get faced with paying off a loan when you come back from the sun - keep post-holiday blues to a minimum and start saving for your next holiday now!

Simple tips to help you reach your savings goal

Start a countdown. Start a countdown to your holiday on your phone. There are lots of fun countdown apps you can choose from.
Motivate yourself. Pin pictures of your holiday destination onto a holiday Pinterest board. Or just stick some pictures of your destination onto the kitchen fridge instead!
Monitor your savings. Keep an eye on your savings and evaluate if you can afford to put away a bit extra each month. With Open24 online banking and our mobile app, it’s easy to keep track of your savings 24/7.
Be realistic. Save a realistic amount that you can afford. That way you’ll stick to it.
Open a separate savings account. As well as offering you a competitive interest rate, having a separate account reduces the temptation to dip into your savings for day-to-day expenses.

Top Tip

Open a regular savings account with us. With Standing Orders you don’t have to worry about remembering to put away money every month, plus you could gain some interest. Or Pina Colada money!

93%

of the population took at least 1 holiday in 2019

Timing is key

Book off-peak to save: May or September for example

Try the

'52 week Money Challenge'

Save €1 on the first week,

€2 on the second week,

€3 on the third week, etc.

and so on, until...

At the end of the year, you will have saved:

€1,378

2.0M+

people travelled from Ireland to Spain in 2019.

Get the most out of your Euros

Keep an eye on fluctuating currency exchange rates

You can make some great savings by booking at the right time.

London
-31%
if you book
9 weeks
in advance

Paris
-45%
if you book
7 weeks
in advance

New York
-9%
if you book
17 weeks
in advance

Sources:

The Irish Times
Breakingnews.ie

Icons from the Noun Project:

Created by Fabio Granara, Jardson Almeida, Chiara Claus, Fabien Jouin.

What else should I save for?

When saving for your dream holiday, remember the extra things you might need to save for too.

Visas and vaccinations. Going somewhere exotic? These may be compulsory depending on where you’re heading off to.
Insurance. Never leave home without adequate health and travel insurance.
Tours, food and drink, and fun! Saving to get to your dream destination is one thing. Make sure you’ve saved enough to enjoy yourself while you’re there!

Contact us

Ready to start saving for your dream trip away?

Compare Accounts

Not sure which account is right for you? Let us help you with that.

What would you like to do with your account?

Invest a lump sum Save regularly

How much will you place on deposit?

How would you like to draw down your money?

Anytime After giving notice At the end of a fixed term

How would you like to open your account?

In a branch Online

Please fill in all the fields above to get started!

How you're comparing results

You'd like to use your account by saving regularly
You intend on
You'd like to withdraw your money at the end of a fixed term
You want to open your account

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Compare Accounts

Based on your requirements, we have found accounts that may be suitable for you:

Savings Calculator Definitions and Assumptions

The above calculation is based on a set of assumptions (see below) and is intended to provide you with a guide as to the potential gross interest return that may be applicable. The actual return that you receive may vary from this calculation where your account does not operate as per these assumptions.

Deposit Interest Retention Tax (DIRT) - Gross return interest is subject to Deposit Interest Retention Tax (DIRT) where applicable -the DIRT rate is subject to change.
For lump sum deposits the calculation assumes the lump sum entered above is invested for the full fixed term period or a full year (365 days), as appropriate to the account type.
For regular savings the calculation assumes monthly lodgements as entered above are made on the first day of each month and for the same amount. A month is defined for the calculation as a calendar month.
The Gross Return Interest will vary from the calculation displayed where one (or more) of the lodgements is a cheque lodgement, or an additional cash lodgement(s) is made to, or a withdrawal(s) is deducted from the account balance.
For variable interest rate accounts - it is assumed for the calculation that the gross interest rate remains unchanged during the full year.
All gross rates quoted are available for accounts opened today, but are subject to change.
For more information on different rates and tiers available, please click the Info & Apply button for each account or take a look at our Deposit Interest Rates sheet here.
Maximum lodgements permitted - You can lodge a maximum of €1,000 per month to the 21 Day Notice and Online Regular Saver account types. Please note that the calculator above will allow you to enter more than the maximum allowed per account per month for display purposes only, this may not reflect the actual lodgements permitted and possible Interest earned.

* Annual Equivalent Rate (AER) illustrates what the interest would be if interest was paid and compounded each year. Our AER calculation assumes that the account is held for a year and that the interest rate remains constant.

** Gross Return Interest is calculated daily and payable at the end of the term for a fixed term deposit account or annually at the relevant interest payment date for a demand/ notice variable rate account. The interest payable assumes that the lump sum is invested for the full fixed term period or a full year (365 days), as appropriate to the account type.

Saving for a Holiday