Tuesday April 7, 2020

Savers' returns boosted on deposits

Irish savers are continuing to benefit from real returns on deposits despite banks cutting rates, writes Jon Ihle

17th March, 2013

Irish savers are continuing to benefit from real returns on deposits despite banks cutting the rates they offer because consumer prices have remained relatively steady in recent months.

The annual rate of inflation fell to 1.1 per cent in February, down from 1.2 per cent the month before, as prices for furnishings and communications decreased. The consumer price index has fallen in four of the last six months and from 2 per cent to 1.1...

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