Written answers

Tuesday, 14 June 2022

Department of An Taoiseach

Interest Rates

Photo of Noel GrealishNoel Grealish (Galway West, Independent)
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140. To ask the Taoiseach the State agencies, organisations or boards under the responsibility of his Department or that receive funding from his Department that have been charged negative interest by financial institutions since negative interest rates were introduced; the amount of interest that has been charged to each State agency, organisation or board in 2021 in each of the preceding years in which such charges were applied. [29213/22]

Photo of Micheál MartinMicheál Martin (Taoiseach, Department of An Taoiseach; Cork South Central, Fianna Fail)
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The National Economic and Social Development Office (NESDO) and the Central Statistics Office (CSO) are both independent offices operating under the aegis of the Department.

NESDO have not been charged interest for savings in their deposit account. The CSO do not have a deposit account and charges to the CSO bank account are applied as with all other Government Departments under the terms of the centrally placed contract. They have not been charged negative interest.

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