Saturday August 15, 2020

Comment: Post Office Savings Bank’s puzzling interest rate rise

It’s not obvious why the National Treasury Management Agency (NTMA) upped the interest rate payable on the State retail savings schemes run through the Post Office Savings Bank (POSB).

4th August, 2007

It’s not obvious why the National Treasury Management Agency (NTMA) upped the interest rate payable on the State retail savings schemes run through the Post Office Savings Bank (POSB).

Although An Post had complained for years that the rates payable on the savings accounts compared poorly with those on offer from other providers, the schemes still managed to attract around €6 billion in deposits.

But from the point of view of the NTMA,...

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