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Friday 20 January 2017

AIB passes on ECB rate hike to tracker customers

Independent.ie reporters

Published 18/07/2011 | 14:48

Thousands of Allied Irish Banks customers with tracker mortgages have been hit with higher payments of 0.25pc per month.

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The bank said yesterday while it has not passed on the rate increase to its variable customers, this is currently being reviewed and a hike could come in the future.

The business overdraft rate has also been increased in line with the ECB change bout the loan rate has remained unchanged.

AIB also announced a number of increases on its saving accounts including a 0.5pc hike on its online personal savings plan and five year special term account rate.

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