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

I suggest PTSB consider the matter further for the sake of goodwill for the bank and retention of customers. To be frank with Mr. Masding, I would advise those of the bank's existing customers who are in a position to switch to do so. His job is to try to keep them, but PTSB's rates are not competitive for its existing customers and the bank is benefiting from the inertia of a certain customer cohort, unfortunately. It is our job to try to encourage people to avail of switching where they can because they can get very big reductions.