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Quiz: How much do you know about your savings?

Put your money smarts to the test and see how Raisin can help your savings go further.

WHETHER YOU’RE A careful planner with a savings spreadsheet or someone who’s just starting to build a nest egg, understanding how to make the most of your money is more important than ever.

With inflation still eroding our spending power and many Irish savers unknowingly leaving their money in low-interest accounts, there has never been a better time to get savvy about where you stash your cash. That is where Raisin comes in.

Raisin is an online savings platform that’s available in Ireland, offering access to competitive rates from a range of European banks, all from one easy-to-use account. It is a smarter, simpler way to find better returns on your savings without switching your day-to-day bank.

Whether you are saving for a big life event, putting money aside for a rainy day, or want to make your money work harder, Raisin helps you do just that with the peace of mind that your deposits are protected by national deposit guarantee schemes.

So, how much do you really know about your savings? Take our quiz to find out and pick up a few money tips along the way.

What is the average interest rate on a regular savings account in Ireland as of mid-2025?
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0.5%
1%

2%
3.5%
Which of these savings accounts typically offers the highest interest rates?
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Instant-access current account
Regular savings account

Fixed-term deposit account
Children’s savings account
How much of your savings is protected under European Union Deposit Guarantee Schemes per person, per institution?
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€10,000
€50,000

€100,000
€150,000
Which of these is NOT a benefit of switching savings accounts regularly?
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Earning higher interest
Beating inflation

Reducing your risk of fraud
Avoiding poor returns
How much interest did Irish savers miss out on by leaving their savings in low-interest accounts in 2024?
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€200m
€400m

€600m
€800m
If you leave €10,000 in an account earning 0.5% interest per year, how much will you earn in interest after one year (before tax)?
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€5
€50

€500
€5,000
What is the main advantage of using an online savings marketplace like Raisin?
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You get paid in cryptocurrency
You avoid paying any taxes

You can compare and open savings accounts from multiple banks
It offers discounts on online shopping
How often should you review your savings rate to ensure you're getting the best return?
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Every 5 years
Once in a lifetime

Every 6-12 months
Whenever you change jobs
Which of the following could erode the real value of your savings over time?
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High interest rates
Compound interest

Deflation
Inflation
Who said this: "Do not save what is left after spending, but spend what is left after saving"?
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Donald Trump
Warren Buffet

Charlie McCreevy
Roy Keane
Answer all the questions to see your result!
You scored out of !
Top saver
You know your interest rates from your inflation.
Share your result:
You scored out of !
Great saver
You've got a great understanding of how saving works.
Share your result:
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You scored out of !
Starter saver
There's plenty for you to learn, but Raisin Bank can help.
Share your result:

If you want to learn how to get more out of your savings, visit Raisin Bank online. 

Raisin Bank holds a full banking license under the German Banking Act (Kreditwesengesetz) under registration number 100112 and is supervised by the German Federal Supervisory Authority.

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