Fianna Fáil has published legislation to prohibit any tax or financial levy being applied by the Government to deposits with Irish financial institutions up to €100,000.
Finance spokesperson Michael McGrath pointed out that the Government had initially welcomed the plan to impose a levy on Cypriot depositors, and had already put a levy on pensions.
He said the banks may require more capital once the next series of stress tests is completed, and depositors must be given a guarantee they would not be targeted.