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AIB hikes interest rates.

Global Banking News-15 July 2008-AIB hikes interest rates(C)2008 ENPublishing -

Global Banking News - 15 July 2008(c)2005 - Electronic News Publishing -

Allied Irish Bank (AIB) (NYSE: AIB) (ISE: ALBK) (LSE: ALBK) has raised its interest rates following the 0.25 percent rate hike by the European Central Bank (ECB) this month.

On the mortgage side, AIB's Standard Variable rate for owner occupiers has been increased by 0.25 percent to 5.50 percent, and the Standard Variable rate for buy-to-let customers was raised by 0.25 percent to 5.70 percent. ECB Tracker related mortgages will increase by 0.25 percent.

The bank has increased its High Interest Current Account rate from 4.00 percent (AER) to 4.25 percent (AER).

On the deposit side, the Parent Saver rate has been increased by 0.25 percent to 10.25 percent (AER) on the Savings Account and to 3.25 percent (AER) on the Deposit Account.

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Publication:Global Banking News (GBN)
Date:Jul 15, 2008
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