Dáil Éireann Debate, Tuesday - 6 July 2021
411. Deputy Noel Grealish asked the Minister for Further and Higher Education, Research, Innovation and Science 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. [35935/21]
View answerThe National Training Fund, under the remit of the Department of Further and Higher Education, Research, Innovation and Science, has paid €609,275 negative interest since negative interest rates were introduced. Please see attached table which breaks this down by year. To note that prior to the formation of the Department of Further and Higher Education, Research, Innovation and Science in 2020, the National Training Fund was under the remit of the Department of Education and Skills.
Negative Interest paid on NTF Funds
|
Year |
Negative Interest € |
|
2015 |
223,140 |
|
2016 |
232,531 |
|
2017 |
104,248 |
|
2018 |
15,504 |
|
2019 |
11,962 |
|
2020 |
11,991 |
|
2021 (to 30/06/21) |
9,900 |
|
Total |
609,275 |
