I wish to provide the following information to the Deputy regarding the interest charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced.
Bank Account
|
2017
|
2018
|
2019
|
2020
|
2021
|
Total
|
DCYA Current A/c - Bank of Ireland
|
€4,462.93
|
€7,000.78
|
€24.20
|
€0.00
|
€0.00
|
€11,487.91
|
DCYA Receipts A/c - Bank of Ireland
|
€109.28
|
€175.06
|
€0.00
|
€0.00
|
€0.00
|
€284.34
|
DCYA Petty Cash A/c - Bank of Ireland
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
MBH Commission Bank A/c - Bank of Ireland
|
€26.31
|
€16.34
|
€0.00
|
€0.00
|
€0.00
|
€42.65
|
DCYA Current A/c - Danske Bank
|
N/A
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
DCYA Lodgement A/c - Danske Bank
|
N/A
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
DCYA PMG A/c - Danske Bank
|
N/A
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
€0.00
|
DCYA Petty Cash A/c - Danske Bank
|
N/A
|
€0.00
|
€6.72
|
€10.08
|
€5.16
|
€21.96
|
MBH Commission Bank A/c - Danske Bank
|
N/A
|
€0.00
|
€0.00
|
€0.69
|
€1.34
|
€2.03
|
Total
|
€4,598.52
|
€7,192.18
|
€30.92
|
€10.77
|
€6.50
|
€11,838.89
|
My Department moved from Bank of Ireland to Danske Bank in August 2018. Three of the bank accounts with Danske Bank are not subject to Negative Credit Interest as shown above.