AIB increases lending and deposit rates

Following the European Central Bank's interest rate hike at the beginning of the month, AIB has announced that it will increase…

Following the European Central Bank's interest rate hike at the beginning of the month, AIB has announced that it will increase its lending and deposit rates by 0.25 per cent from the close of business tomorrow.

ECB-related tracker mortgage rates will increase by 0.25% as well the rates on its variable mortgages.

Business loan rates also increase by 0.25%, as do overdraft rates for personal and business customers.

The personal loan rate will increase from 10.20 per cent to 10.45 per cent. Rates offered for personal loans vary according to the amount of the loan.

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For deposits, AIB's SSIA variable deposit rate will to 3.00 per cent, while its Online Personal Savings Plan rate increases from 3.75 per cent to 4.00 per cent.