| 16.4°C Dublin

Close

Premium

How ordinary savers can avoid the negative interest bullet

Don’t jump from frying pan into the fire in your bid to escape negative interest rates

Close

Stock image

Stock image

Stock image

The notion that ordinary savers could be charged to leave their savings in a bank has alarmed many — yet this is exactly what would happen if customers are hit with negative interest rates.

There are growing concerns that personal customers could be hit with negative interest rates later this year. The upcoming withdrawal of Ulster Bank from the Irish market has added to these worries as some believe that the exit will prompt Irish banks to move more generally towards negative interest rates on deposits.


Most Watched





Privacy