A friend of mine said he heard this on the radio and thought it was in the print media too. I went looking and found this
http://www.irishexaminer.com/archiv...y-for-an-post-to-cut-deposit-rate-231090.html
Last year there were several reports in the media that the Irish Banking Federation was lobbying for a cut in State Savings rates. In December, rates were cut. Even after the cut the rates remained quite good compared to bank deposits due to reduction in bank interest rates, increase in DIRT in Budget 2013 and low inflation.
Time for some more boot filling?
http://www.irishexaminer.com/archiv...y-for-an-post-to-cut-deposit-rate-231090.html
Last year there were several reports in the media that the Irish Banking Federation was lobbying for a cut in State Savings rates. In December, rates were cut. Even after the cut the rates remained quite good compared to bank deposits due to reduction in bank interest rates, increase in DIRT in Budget 2013 and low inflation.
Time for some more boot filling?