Bank of Ireland announces deposit and loan interest rate increases
18-Dec-06Bank of Ireland announces the following interest rate increases on deposits and loans, which come into effect on Tuesday 19th December, 2006.
Homeloans | Old
Rate | Change
in Rate | New
Rate | APR | Repayment
per Eur 100,000 per month over 20 years |
| Standard variable rate | 4.64% | 0.20% | 4.84% | 4.9% | Eur 650.09 |
| Investment variable rate | 5.14% | 0.20% | 5.34% | 5.4% | Eur 677.56 |
Personal
Loans | Old
Rate | Change
in Rate | New
Rate | APR |
Overdraft | 12.25% | 0.25% | 12.50% | 15.4%
with o/d fee |
Loan
& Term Loan | 11.15% | 0.25% | 11.10% | 11.9% |
Business
Loans | Old
Rate | Change
in Rate | New
Rate |
Overdraft | 9.55% | 0.25% | 9.80% |
Term
Loan & Loan Accounts | 8.50% | 0.25% | 8.75% |
Small Business Loan Introduced Dec 2004 | Old
Rate | Change
in Rate | New
Rate |
Amounts
from Eur 65,000 to Eur 200,000 | 5.90% | 0.25% | 6.15% |
Amounts
from Eur 25,000 to Eur 64,999 | 6.90% | 0.25% | 7.15% |
Amounts up to Eur 24,999 | 7.90% | 0.25% | 8.15% |
Deposits
Interest rates for deposit accounts are being increased:
| SSIA | Old
Rate | Change
in Rate | New
Rate |
| Flexible Option | 3.00% | 0.25% | 3.25% |
| Reserve Deposit/ Business Surplus | Old
Rate | Change
in Rate | New
Rate |
| Up to Eur 24,999 | 1.10% | 0.25% | 1.35% |
| Eur 25,000 to Eur 99,999 | 1.40% | 0.25% | 1.65% |
| Eur 100,000 to Eur 499,999 | 1.50% | 0.25% | 1.75% |
| Over Eur 500,000 | 1.75% | 0.25% | 2.00% |
| Demand Deposit | Old
Rate | Change
in Rate | New
Rate |
| Eur 0-Eur 99,999 | 0.55% | 0.15% | 0.70% |
| Eur 100,000+ | 0.85% | 0.20% | 1.05% |
Ends
For further information contact:
Sharon McDonnell,
Group Corporate Communications
Ph: 604 3750