Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Why does the bank not just compete on rates? It does this cash-back offer of 2% and 1% down the line. The Competition and Consumer Protection Commission looked at that in its recent report. In a way, it blinds the customer and makes it much more difficult to assess which product will provide the best value in the long term. I think the bank should compete on rates rather than what I would call cash-back gimmicks. Why does the bank not go down that road?