Low interest rates paid to savers by banks ‘not something the government can intervene with’, says dept

by Sciprio

4 comments
  1. Another one of the Governments “Can’t interfere in the market” Irish people are being fleeced in every direction and the banks are using our money to generate profits for themselves.

  2. And yet in the early 2000,’s they had the Special saving incentive account where they topped up your savings by 25%.

    They could also reduce DIRT

    So yeah, they can do something.

  3. Banks store your deposited funds in the European Central Bank and earn a rate of 4.25% while they pay you not even 1.5%.

    It’s one hell of a racket

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