AIB changes to its lending and deposit rates, with effect from close of business Tuesday, 18th November 2008. This follows the ECB interest rate reduction of 0.50% which was announced on 6th November 2008.
On the mortgage side, the Standard Variable rate for Owner Occupier mortgages decreases by 0.50% to 4.50% and for Buy-to-Let customers by 0.50% to 4.70%. ECB Tracker related mortgages decrease by 0.50%.
Overdraft rates for personal and business customers decrease by 0.50%. The banks standard variable ‘AA’ loan rate for Business Loans also decreases by 0.50%. The banks standard variable A loan rate remains unchanged.On the deposit side, AIB Bank continues to offer excellent rates for both savers and investors. The rate on the Parent Saver Account at 9.50% (AER) is down 0.50%.
The Online Notice 7 Account rate on balances up to 10,000 is reduced by 0.48% to 4.50% (AER).
The Regular Saver rate decreases from 7.00% (AER) to 6.50% (AER). Special Term Account rates are also reduced – in the case of the 3 year account to 3.85% (AER) and in the case of the 5 year account to 4.25% (AER).
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