Dáil Éireann Debate, Tuesday - 6 July 2021
139. Deputy Noel Grealish asked the Minister for Transport the amount of interest his Department has been charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced by year; and if he will make a statement on the matter. [35943/21]
View answerThe Department of Transport does not maintain savings or funds on deposit. There are a number of bank accounts in operation for the running of the Department and these include commercial current accounts which currently attract negative interest rates. Other banking costs include direct debit charges and maintenance fee charges on accounts. Negative interest rate charges are not captured in isolation. The Department makes every effort to ensure, in relation to all aspects of financial management, that value for money is secured.
