The Sunday Independent have reported that PTSB are going to further cut their deposit rates. Article .
The 75pc State-owned bank is paying savers more than the market average, and said that while it plans to continue to do so, the premium will be at a lower level.
Chief executive Jeremy Masding said the bank wanted to move from 0.12 percentage points above the market rate to 0.05 percentage points.
0.12% is what PTSB think is the weighted-average differential between PTSB deposit rates versus BoI and AIB deposit rates. PTSB fixed rates are currently up to 0.90% AER fixed.