Interest Rates

Dáil Éireann Debate, Tuesday - 14 June 2022

Tuesday, 14 June 2022

Ceisteanna (140)

Noel Grealish

Ceist:

140. Deputy Noel Grealish asked the Taoiseach the State agencies, organisations or boards under the responsibility of his Department or that receive funding from his Department that have been charged negative interest by financial institutions since negative interest rates were introduced; the amount of interest that has been charged to each State agency, organisation or board in 2021 in each of the preceding years in which such charges were applied. [29213/22]

Freagraí scríofa

The Taoiseach

The National Economic and Social Development Office (NESDO) and the Central Statistics Office (CSO) are both independent offices operating under the aegis of the Department.

NESDO have not been charged interest for savings in their deposit account. The CSO do not have a deposit account and charges to the CSO bank account are applied as with all other Government Departments under the terms of the centrally placed contract. They have not been charged negative interest.