'More to go' when it comes to increases in saving deposit rates

Banks have been slow to raise deposit rates since the ECB started hiking interest rates last summer, but have instantly gained by increasing rates they charge for loans.
AIB and EBS increased their interest rates for deposit holders to 2% as cost-of-living pressures persist, but an industry expert says banks could still do more to help savers.
Michael Dowling of Dowling Financial said the interest rate increase from 1% to 2% for deposit holders by AIB and its subsidiary EBS will force Bank of Ireland and Permanent TSB to follow suit.