Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
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.
have your say