How to get the best out of your savings

It’s all been about mortgages and inflation so far, but rising interest rates have a good news side too: for depositors who for the first time in almost a decade may finally start to get a return on their money.

anks, quick to factor in the cost for loans, can be slower when it comes to rewarding savers, but the European Central Bank’s decision to raise interest rates to 3pc brings deposits out of the doldrums and retail banks like AIB and Bank of Ireland are finding they can no longer fail to pass on at least some of that to their beleaguered deposit account holders.

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