179. Deputy Malcolm Noonan asked the Minister for Finance if his attention has been drawn to the fact that moneys held in solicitor client accounts will shortly be liable for the imposition of negative interest rates by the two largest banks and, given that these funds are often already borrowed from the banks, will be subject to double interest charging; and if he will make a statement on the matter. [10963/21]

Summary

179. Deputy Malcolm Noonan asked the Minister for Finance if his attention has been drawn to the fact that moneys held in solicitor client accounts will shortly be liable for the imposition of negative interest rates by the two largest banks and, given that these funds are often already borrowed from the banks, will be subject to double interest charging; and if he will make a statement on the matter. [10963/21]

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• Interest Rates

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