@danmalonemoney: When national property prices rise by over 7% a year, keeping a €40,000 house deposit in a 0% bank account is a silent killer. In just 5 years, inflation and rising home prices eat away €11,507 of your deposit's relative purchasing power 📉 Here is how to approach it: The Baseline: At an absolute minimum, your house deposit needs to be sitting in a High-Yield Savings Account (HYSA) – whether that's an instant-access account for flexibility or a fixed-term account if you are certain of your buying timeline. The Reality Check: A high-yield savings account will help slow down the bleed, but it won't fully protect your buying power. No bank rate can outpace 7.02% house price inflation, especially when you factor in 33% Deposit Interest Retention Tax (DIRT) The Strategy: For short-term deposits (under 3–5 years), capital protection comes first, but you still need to squeeze out every drop of yield to keep your deposit as close to the target as possible. 👉 Head over to honest.ie to compare the best high-yield savings options and protect your house deposit today. When investing, your capital is at risk and you may get less back than invested. Past performance doesn't guarantee future results. #IrishProperty #FirstTimeBuyerIreland #HouseDeposit #PersonalFinanceIreland #IrishBanks #HighYieldSavings

Dan Malone

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Region: ZA

Thursday 27 August 2026 16:00:00 GMT