Dáil Éireann Debate, Tuesday - 6 July 2021
291. Deputy Noel Grealish asked the Minister for Education the amount of interest her Department has been charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced by year; and if she will make a statement on the matter. [35930/21]
Amharc ar fhreagraDuring 2019 and as part of the Government Bank Framework, my Department commenced migration of all its commercial bank accounts from Bank of Ireland to Danske Bank. All Department bank accounts have now fully migrated to Danske Bank.
Prior to 2017, Bank of Ireland did not charge negative interest fees to my Department. The table below sets out the negative interest fees charged to my Department from 2017 to 2020.
|
2017(€’000) |
2018(€’000) |
2019(€’000) |
2020*(€’000) |
|
|
Negative Interest Fees |
€48 |
€60 |
€49 |
€68 |
*2020 is provisional until 2020 Appropriation Accounts audit is completed by the Office of the Comptroller and Auditor General and the Accounts are published.
