Saving

Secure your future. Smart savings today means peace of mind tomorrow.

3750DD9C-4A12-4531-B97D-1DFFEE2C4F4D

Being mindful about saving

When practicing mindful saving, keep these aspects in mind:


Automate your savings

Set up automatic transfers from your current account to your savings account. This means you can save consistently without having to think about it.

Take advantage of high interest savings accounts

These accounts offer higher interest rates than traditional savings accounts, helping your money grow faster.

Build an emergency fund

Aim to save at least three to six months’ worth of living expenses. This can help you cover unexpected costs without going into debt.


Practical tips for effective saving


Set clear savings goals

Set savings goals. Make sure your goals are specific, measurable, and achievable. These goals can be things like building an emergency fund, saving for a holiday, or investing for retirement.

Create a budget

Make a budget to track your income and expenses. Set aside a portion of your income for savings each month.

Avoid high-interest debt

Pay off high-interest debts as quickly as possible. This means you can avoid paying more interest and to free up more money for savings.

Make the most of unexpected money

Use bonuses, tax refunds, or other unexpected income to add to your savings rather than spending. See our guide on how you can use your tax benefits wisely.

Take advantage of employer benefits

Add in to employer-sponsored retirement plans or savings programs, especially if your employer offers matching contributions.

Shop smart

Look for discounts, use coupons/vouchers, and compare prices before making purchases to save money and boost your savings.

Review and adjust regularly

Review your savings goals regularly. Use your budget to make changes as needed based on your income and expenses.



Steps towards saving

Start saving today. We can help you find the best saving option to suit your needs.

Learn more about saving


Related Articles

The information prepared above by Bank of Ireland “BOI” is for information purposes only and does not constitute financial or tax advice. You should seek assistance from a professional if you require financial or tax advice. No liability is accepted by BOI for any errors or for any loss to any person in reliance on this information. BOI believes any information to be correct at 26/06/2025 the time of publishing and the information is subject to change without notice. BOI does not make any representations or warranties in respect of the accuracy of this information and is not responsible for the content of external sites. Please refer to our Terms & Conditions for the use of the Bank of Ireland Group Website for further details. Bank of Ireland is regulated by the Central Bank of Ireland.

Contact us

Log in to 365 online, select Services and Send us a message.

Call us on 0818 365 365, 9am to 6pm Monday to Friday. Saturday 10am-2pm.

Tweet us @talktoBOI 8am–8pm. Response within 15 minutes.