AIB confirms interest rate changes
Tuesday, January 27, 2009 @ 7:51 PM
AIB has given details of changes to its interest rates following the European Central Bank's half-point cut earlier this month.
It confirmed that tracker mortgage rates and the standard variable mortgage rate for owner occupiers would fall by 0.5 points, in line with the ECB cut.
But the rate for residential buy-to-let mortgages falls by only a quarter of a percentage point.
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Loan and overdraft interest rates for personal customers will not be changed, while rates for business loans and overdrafts come down by 0.25 points.
AIB online deposit interest rates remain unchanged, but its high interest current account rate is being cut by 0.75 points. The regular saver rate comes down by 0.5 points.
The changes come into effect from close of business on Tuesday.