More firms may be asked to pay for money on deposit

The ECB has indicated that in a bid to counter a slowdown in the euro zone, it is preparing countermeasures that may well include further lowering the deposit interest rate, which is already in negative territory

4th August, 2019

More Irish companies are likely to have to pay to place money on deposit as banks prepare for a lengthy period of negative interest rates.

Ulster Bank chief financial officer Paul Stanley told The Sunday Business Post that while it has been charging large corporations a fee to park money for over a year, it may have to broaden the number of customers who face negative interest rates.

The bank said on Friday that customer...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



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

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 11 months ago

The Daily Briefing

The Daily Briefing