Sir, – Your editorial about banking savers getting a bad deal (July 31st) highlights issues with the banks but what about the State’s returns to savers? Prize bonds are still quoting a return of 0.35 per cent. The UK equivalent of premium bonds is raising its rate to 4.65 per cent annual prize fund rate from the September 2023 prize draw. Surely the return on Irish prize bonds needs to be raised with rising interest rates? – Yours, etc,
KEVIN DUNNE,
Galway.