Bank of Ireland said the increase follows 'cumulative increases of 4% in European Central Bank rates since July 2022'.
BANK OF IRELAND has increased interest rates on fixed rate mortgages for the fourth time in less than a year.This increase includes customers who are coming to the end of their fixed-rate period and are seeking to re-fix their mortgage, and to tracker rate or variable rate customers who wish to move to a fixed rate.
It’s anticipated that the European Central Bank is set to raise rates again at its next meeting tomorrow, with observers expecting another 0.25% hike. The interest rate on Bank of Ireland’s SuperSaver account will rise by 0.5% to 2%, while there is a new two-year term deposit account at 2% for personal and business customers.
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