The Financial Regulator today (30 April 2007) published its first deposit account survey. The survey shows the interest rates currently available from 17 financial institutions for lump sum deposits of €5,000, €10,000 and €20,000. Rates shown in the survey are for demand deposits, one-month notice and 12-month fixed term accounts.
Consumer Director, Mary O’Dea, said, "Today, over half a million SSIAs will mature and people will start to receive their SSIA funds from this week. While many people may not yet have decided what to do with their money, many will put it on deposit, either for the medium term, or until they have made a decision about what they want to do. This survey shows the interest rates on offer depending on how much your SSIA is worth and how quickly you will need access to your money."