Reduced rates hitting returns

As deposits begin to stack up, banks are less inclined to pay attractive rates, writes Emma Kennedy.

5th May, 2012
Savers should expect lower returns in the months ahead. Photo: Thinkstock

Savers should get ready for lower returns in the months ahead, with deposits rates set to come under pressure.

Last Thursday, the European Central Bank (ECB) announced that it was leaving interest rates unchanged at 1 per cent. However, this historically-low rate could fall further in the months ahead if the ECB decides that Europe needs more economic stimulus.

Recent figures from the Central Bank and the Department of Finance have indicated that fortunes are starting...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago