PTSB raises personal deposit rates to 1.75% and introduces new business deposit accounts in response to ECB rate hikes.

PTSB boosts deposit rates for certain personal and business accounts, raising the six-month fixed term deposit rate for personal customers to 1.75% and increasing the rate for demand deposits for business customers to 1%. The bank also introduced a new 32-day notice deposit account for business customers with an interest rate of 2%. This is the seventh time PTSB has increased personal deposit rates since November 2022, under pressure to pass on European Central Bank (ECB) rate hikes to customers.

February 23, 2024
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