THE HOME SAFE SYSTEM [To the Editor of the SPECTATOR.]
Sin,—In Mr. Kiddy's article on July 23rd he makes the state- ment that depositors can get 2} per cent. by using the Home Safe system. This requires qualification. The only banks which at present give 2i per cent. on deposits are the trustee savings banks and the Post Office Savings Banks, but the limit of deposit in one year is £500. When the owner of a Home Safe desires to get interest on his deposit, he must take the safe to the bank and the contents are put to the credit of a Thrift account.
The interest on these Thrift accounts is always the current rate of interest on deposits ; that is at present one per cent. This can easily be ascertained by asking the question of any Joint Stock Bank. My statement is based on answers given to me by Dublin Banks, and it is well known that Joint Stock Banks act together in such matters.—I am, Sir, &c.,
82 Middle Abbey Street, Dublin. CHARLES EASON.
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