6. Products that are rate-driven or have preferential conditions

6.1. A deposit should be considered to be rate-driven where an institution offers an interest rate:

• (a) that significantly exceeds the average rate for similar retail products offered by their peers, given the specificities of the local deposit market,
• (b) or whose return is derived from the return on a market index or set of indices,
• (c) or whose return is derived from any market variable other than a floating interest rate.

6.2. Institutions can identify 'rate-driven' products by comparing the rate that applies to each deposit to the average paid by their peers for similar products. The term ‘ p eers’ refers to institutions with a comparable business model and size, to be defined by the institution and verified by the competent authority if deemed necessary.

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1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/