Irish providers try to get the better of deposits

Battling deposits

Mark Caffrey, Ulster Bank

Deposit products are hugely popular in Ireland – and with blanket cover for all deposits under the government’s Deposit Guarantee Scheme (DGS) and a high, tax-free interest rate offered by the post office, why would anyone want a note-based investment product? For issuers trying to entice investors away from deposits, the development of a secondary market is important, but providers remain wary.The Irish structured products market is doing better than expected. In his opening addr