Dáil Éireann Debate, Tuesday - 20 March 2018
813. Deputy Pearse Doherty asked the Minister for Transport, Tourism and Sport the cost to his Department of negative interest rates on deposits held; the details of same for agencies under his aegis; and if he will make a statement on the matter. [11745/18]
Amharc ar fhreagraFrom 01 January 2017 to 31 January 2018 my Department paid €1,974 in negative interest in three current accounts. These accounts are used for the processing of payments, receipts and payroll.
The negative interest rate of -0.1% is charged on over night balances on two accounts, the third account is zero rated on a closing balance up to €10 million and anything over €10 million is charged at -0.1%.
My Department does not hold the information requested for the Agencies by the Deputy. However I have forwarded your request to all Agencies under the remit of my Department for direct reply to you. If you do not hear within ten working days please contact my private office.
