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Irish A I B Bank Begins I R Increases

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AIB announces changes to its interest rates

13th March 2006


Following the ECB
interest rate increase of 0.25%
which was announced on 2nd March, AIB is today announcing changes to its lending and deposit rates, to take effect from close of business Tuesday, 14th March.
On the lending side, ECB related tracker mortgage rates increase by 0.25%. The standard variable home loan rate increases by 0.25% to 3.75%. Home mortgage variable ‘buy to let’ rates also increase by 0.25% to 3.95%. A & AA loan rates increase by 0.25%. Overdraft rates for both business and personal customers increase by 0.25%. The AIB Masterplan rate increases from 8% to 8.25%.
On the deposit side, the SSIA variable deposit rate increases by 0.25% to 2.50%, while the Online Personal Savings Plan savings rate increases by 0.25% to 3.50%.

All bad things come to an end, fortunately.

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And as soon as the bad debts start more borrowers will get downgraded and the rates will go even higher.

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  • 302 Brexit, House prices and Summer 2020

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