#deposits

#deposits

There was a time when banks and fintechs competed mostly on bells and whistles: smoother apps, faster checkout, appealing rewards. But in the world of public markets and quarterly earnings, functionality gives way to fundamentals. At the intersection of traditional banking and modern fintech lies a simple but growing question: what actually drives sustainable value for banks today? Is it the buzz‑worthy growth of payment volumes and new revenue streams - or the old‑school strength of deposit balances and net interest income?

Depositors in Ireland face disappointingly low returns on savings accounts, with instant-access accounts yielding an average of just 0.13pc, making it one of the lowest in the eurozone.