Bank of Ireland interest rate up 0.5% following Europe rate increases

Robert Besser
01 Apr 2023, 20:11 GMT+10

Bank of Ireland has announced that it has raised fixed mortgage rates following a cumulative 3.5 percent rate increase by the Bank of Europe since July.
Additionally, the Bank of Ireland said it would now offer a new term deposit account for business customers.
Customers of Bank of Ireland have witnessed a 1.5% increase in the bank's fixed rates since July 2022.

DUBLIN, Ireland: Bank of Ireland has announced that it has raised fixed mortgage rates following a cumulative 3.5 percent rate increase by the Bank of Europe since July.

Additionally, the Bank of Ireland said it would now offer a new term deposit account for business customers.

The new rate will see a 0.5 percent increase for Bank of Ireland's fixed mortgage rates.

Customers of Bank of Ireland have witnessed a 1.5% increase in the bank's fixed rates since July 2022.

The new rate will also apply to customers who are coming to the end of their fixed rate period and are seeking another fixed mortgage mortgage.

However, the bank's variable rates will remain unchanged.

Bank of Ireland also said it will introduce a new one-year term deposit for business customers of 0.5 percent. It will be capped at 250,000 euros.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Russia Herald.

More Information

5 ℃

Fair in Moscow/Vnukovo

Business

Section

Software glitch causes Vietnam electric vehicle recall

WASHINGTON D.C.: In response to a safety warning issued by the US National Highway Traffic Safety Administration, Vietnamese electric vehicle ...

As problems mount, electric truck maker Nikola warned of de-listing

NEW YORK CITY, New York: Electric truck manufacturer Nikola Corp said that Nasdaq has delivered a delisting notice for not ...

Target moving away from LGBTQ pride due to customer backlash

MINNEAPOLIS, Minnesota: Reuters reported that after facing a backlash from customers, Target is pulling some products from its Pride Collection ...

India's Tata chooses UK as site for new EV battery plant

LONDON, England: The BBC has reported that Jaguar Land Rover owner Tata Motors is planning to build a multi-billion pound ...

Facebook nears completion of eliminating 10,000 jobs

MENLO Park, California: As part of the last stage of a three-series round of staff layoffs, part of a plan ...

Baby formula manufacturers investigated by US for rigging bids

WASHINGTON D.C.: On its website, the US Federal Trade Commission (FTC) has said it is probing Abbott Laboratories and other ...

World

Section