We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Eamonn Farrell / Photocall Ireland
Rate Cut

EBS to reduce its standard variable rate

The company is to reduce the rate in line with the European Central Bank’s recent rate cut.

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.

Read: National Irish Bank says rate hike not related to ECB cut>

Read: Two banks will pass on ECB interest rate cut to mortage holders>

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.