Bank of Ireland cuts mortgage rates by 0.5%, saving homeowners about €1,000 annually on average.

Bank of Ireland has reduced its fixed mortgage rates by 0.5%, making loans cheaper for homeowners regardless of their property's energy rating. The new four-year fixed rate starts at 3.1%, potentially saving homeowners about €1,000 annually on a €300,000 mortgage. The bank has also introduced a new 18-month fixed-term deposit account with an annual equivalent rate of 2.98%, reflecting adjustments in response to anticipated interest rate cuts by the European Central Bank.

November 19, 2024
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