Advertisement
News

Irish banks could see a hike in interest rates next week

Oct 15, 2022 11:28 By News Northern Sound
Irish banks could see a hike in interest rates next week
Share this article

We could see rival banks following suit in the coming days.

Irish banks could face an interest rate surge as early as next week.

Fixed rates at AIB and its subsidiaries EBS and HAVEN are going up by half a percentage point with immediate effect - which will make it €300 euro per year more expensive for new borrowers and switchers.

The Irish Independent's personal finance editor - Charlie Weston - says rivals Bank of Ireland and Permanent TSB could follow suit within days.

Advertisement

"We have been waiting for interest rates since July when the European central bank moved its main rates. The good news is that they have held off until now with only half per cent interest across all the AIB, EBS and HAVEN fixed rates. There is no increase in the variable rate which is a bit of a surprise."

Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Northern Sound FM. Developed by Square1 and Powered by PublisherPlus