Written answers
Tuesday, 14 June 2022
Department of Children, Equality, Disability, Integration and Youth
Interest Rates
Noel Grealish (Galway West, Independent)
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1172. To ask the Minister for Children, Equality, Disability, Integration and Youth the amount of interest that his Department has been charged by financial institutions since negative interest rates were introduced by year; and if he will make a statement on the matter. [29197/22]
Roderic O'Gorman (Dublin West, Green Party)
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I wish to provide the following information to the Deputy regarding the interest charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced.
| Bank Account | 2017 | 2018 | 2019 | 2020 | 2021 | Sum of Q1 2022 | Total |
|---|---|---|---|---|---|---|---|
| DCYA Current A/c - Bank of Ireland | €4,462.93 | €7,000.78 | €24.20 | €0.00 | €0.00 | €0.00 | €11,487.91 |
| DCYA Receipts A/c - Bank of Ireland | €109.28 | €175.06 | €0.00 | €0.00 | €0.00 | €0.00 | €284.34 |
| DCYA Petty Cash A/c - Bank pf Ireland | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| MBH Commission Bank A/c - Bank of Ireland | €26.31 | €16.34 | €0.00 | €0.00 | €0.00 | €0.00 | €42.65 |
| DCEDIY Current A/c - Danske Bank | N/A | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| DCEDIY Lodgement A/c - Danske Bank | N/A | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| DCEDIY PMG A/c - Danske Bank | N/A | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| DCEDIY Petty Cash A/c - Danske Bank | N/A | €0.00 | €0.00 | €0.69 | €2.69 | €0.67 | €4.05 |
| MBH Commission Bank A/c - Danske Bank | N/A | €0.00 | €6.72 | €10.08 | €5.59 | €0.00 | €22.39 |
| €4,598.52 | €7,192.18 | €30.92 | €10.77 | €8.28 | €0.67 | €11,841.34 |
My Department moved from Bank of Ireland to Danske Bank in August 2018. Three of the bank accounts with Danske Bank are not subject to Negative Credit Interest as shown above. The Bank account for the Commission of Investigation into the Mother and Baby Homes was closed on the 16th July 2021.
Noel Grealish (Galway West, Independent)
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1173. To ask the Minister for Children, Equality, Disability, Integration and Youth 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; and if he will make a statement on the matter. [29216/22]
Roderic O'Gorman (Dublin West, Green Party)
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I wish to provide the following information to the Deputy regarding the negative interest charged by financial institutions in 2021 and since negative interest rates were introduced.
Agency | Negative Interest Charged to State Agencies |
|---|---|
| Adoption Authority of Ireland (AAI) | Nil |
| Gaisce - The President's Award | Will respond directly to the Deputy |
| Irish Human Rights and Equality Commission (IHREC) | Will respond directly to the Deputy |
| National Disability Authority (NDA) | Nil |
| Children Detention School(Oberstown) | Nil |
| Ombudsman for Children's Office (OCO) | Will respond directly to the Deputy |
| Child and Family Agency (Tusla) | €3,204.78 (all in 2021) |
Please note, Gaisce - The President's Award, Irish Human Rights and Equality Commission (IHREC) and Ombudsman for Children's Office (OCO) will all respond directly to the Deputy.
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