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 Business Sun.

More Information

27 ℃

Mostly Cloudy in Seletar

Financial Markets

Section

U.S. stocks dive Wednesday on debt ceiling, global jitters

NEW YORK, New York - U.S. and global stocks tumbled Wednesday as lawmakers continued to navigate their way through Congress ...

Wall Street in disarray as divisions erupt again over debt ceiling

NEW YORK, New York - Republicans were in uproar Tuesday over the deal hammered out by President Joe Biden and ...

Global stocks mixed, American and UK markets closed

FRANKFURT, Germany - With U.S. and UK. markets closed for public holidays, it was left to European and broader global ...

262 lakh tonne wheat procured so far in 2022-23 benefiting 21.27 lakh farmers: Govt

New Delhi [India], June 1 (ANI): The government has so far procured 262 lakh tonne of wheat. It has already ...

Elon Musk reclaims world's richest person title Bloomberg

The Tesla CEO has seen his wealth grow by more than $50 billion this year amid a surge in the ...

SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) reports INR 8,945 Mn Profit Before Tax (PBT) in FY23, clocks 10x growth in FY23 over FY22

PRNewswireMumbai (Maharashtra) [India], June 1: The Indian financial sector witnessed a momentous deal in July 2021 when Sumitomo Mitsui Financial ...

Technology

Section