Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
EBS IS TO become the latest financial institution to reduce its standard variable rate.
EBS said that it would reduce its standard variable rate by 0.25 per cent from 4.93 per cent to 4.68 per cent.
The reduction will be put into place from 1 December.
This announcement comes after National Irish Bank said it was to increase its variable mortgage interest rates by up to 0.95 per cent.
However, it insisted this decision had nothing to do with the European Central Bank’s recent rate cut.
At least three mortgage providers are to pass on the ECB’s cut of 0.25 per cent to their customers.
To embed this post, copy the code below on your site
At last, I can afford that additional ivory back scratcher!
Haha, that’s exactly what they increased the interest rate by last month and that was their sixth increase since may 2010!
wont make much of a difference to my mortage tha.k god 5 more years left bring it on
Additional?! Posh or what….
These people have bumped up repayments a number of times in the last few years. This is just a PR stunt and when no ones watching bang another increase.
Too little too late.
Not good, we need to pay these higher interest rates to keep the EBS solvent
they’ve only dropped them because they know if they dont the Government will step in. the only reason aib wont drop theirs is because they didnt get a chance to rise it the last time before the regulator stepped in and warned them if they rose the interest rates again hed have a good look at their books. listen this would not have been passed on only for the pressure from the government. its not enough though. more is needed
Woooooohooooo!!!
have your say