Euronext Dublin commissioned research by Amarách that found that half of Irish savers would put some of their savings into an accessible investment account if their banks offered it. Photograph: iStock
Irish households are sitting on record cash balances.
According to the Central Bank of Ireland, we now hold well over €163 billion in deposits. For many families, that cushion has been hard-won, the product of careful budgeting through a cost of living squeeze.
But there’s a stark truth that needs to be emphasised: leaving the bulk of our long-term savings in cash is quietly eroding our future wealth.
Over the past decade, negative and near-zero interest rates offered poor returns.
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