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Blow for pension savers as bank imposes charges on holding cash

Move is the first time consumers have been hit by negative interest rates

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Bank of Ireland is to impose negative interest rates on cash held in pensions, in a move that will hit people saving for their retirement hard

Bank of Ireland is to impose negative interest rates on cash held in pensions, in a move that will hit people saving for their retirement hard

Bank of Ireland is to impose negative interest rates on cash held in pensions, in a move that will hit people saving for their retirement hard

Bank of Ireland is to impose negative interest rates on cash held in pensions, in a move that will hit people saving for their retirement hard.

The move represents the first time negative rates will have been charged to consumers.


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