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Photo: Getty Images By Contributor 8th March 2021 Irish savers are becoming frustrated with the lack of growth on their nest eggs, writes John O’Connor of Omega Financial Management Historically Irish people have always been good savers but it is remarkable to think that since last March there is an additional €11bn in savings Irish households, the highest figure ever. With personal savings now at an estimated €125bn and bank deposits paying zero per cent interest, Irish savers are becoming frustrated with the lack of growth on their nest eggs. In addition to the extra savings, people are also looking to invest funds coming from banks, credit unions and An Post which no longer can provide them with a return. The closure of Ulster Bank in Ireland may lead to a reshuffle of the €22bn in savings they have on their books also.

John oconnorAn postUlster bankJohno connorOmega financialStock marketNew ireland sentinelNew irelandZurich lifeManaging directorOmega financial managementஜான் ஒக்கொன்னோர்ஒரு போஸ்ட்அல்ஸ்டர் வங்கிஜோஹ்னோ இணைப்பான்ஒமேகா நிதி