Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

The bank is predicting it but has not yet forecast it. To what level must the bank get in order to make a substantial decrease in the variable rate of its cost of funds - 15% or 20%? Are external banks, for example, RaboDirect, that promote themselves not as vanilla-style banking facilities, but solely as savings facilities, a threat? Three years ago, An Post was in a position to provide deposit accounts at a rate above every other financial institution and, therefore, tier 1 capital was reduced significantly.