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AIB passes on ECB rate hike to tracker customers

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

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.