Sir, - Your editorial, “Savers should benefit – not banks” (February 17th), on a new scheme to provide more attractive investment options for households is a good idea. Too many are getting little and often nothing on their deposits in banks.
The State should set up a hypothecated saving scheme, for example to fund the new Metro. It would pay a guaranteed interest rate of 2 per cent or 2.5 per cent on savings in such a scheme so citizens could feel they are contributing to our future infrastructure while getting a decent return on their savings.
Ideas to reform the planning and execution of major infrastructure is for another time! - Yours, etc,
PAUL SWEENEY,
READ MORE
Milltown,
Dublin 6.
