Printer Friendly

AIB hikes interest rates.

Global Banking News-15 July 2008-AIB hikes interest rates(C)2008 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 15 July 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications Ltd - http://www.m2.com))
COPYRIGHT 2008 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Jul 15, 2008
Words:188
Previous Article:KBC, Union Bank of India to set up asset management JV in India.
Next Article:Associated Banc-Corp reports 38% drop in Q2 profit.


Related Articles
YourMONEY: RATES SET TO GO UP.
CARD SHARKS; Crunch-hit banks pass on losses to customers.
FURY OVER AIB'S EUR1.5M GOLF TRIP; All-expenses paid at Ryder Cup as bank hikes customer charges.
AIB warning interest rates will increase; LOANS.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters