Surely there must be better rates if I switch.
how can NIB justify increasing rates by 0.6% to 4.95%
why should variable mortgage holders subsidise tracker customers?
All the banks are doing this, AIB and EBS have done it---The Government don't seem to care that variable rate customers are being screwed-------The banks seem to be calling all the shots. I'm beginning to think its them who run this country.
This is 10 times the ECB rate for a variable mortgage rate!!
...
its time to fight back against money lenders charging 10 times rate of money interest
I wonder what interest rate Danske Bank charge mortgage customers in Denmark??
Don't blame tracker mortgage holders. It was the banks that put these products on the market....tracker products it seems that were untenable but of course, taking in a massive intake of customers with these products at the time would have facilitated big bonuses...why should variable mortgage holders subsidise tracker customers?
I am going to fight this one all the way - and will share all the info here on the site.
......................................................................................All the banks are doing this, AIB and EBS have done it---The Government don't seem to care that variable rate customers are being screwed-------The banks seem to be calling all the shots. I'm beginning to think its them who run this country.
Bugler- i may have no legal grounds but the banks would not be alive today but for the taxpayer. Where was the legality in our bank guarantee when we should have let them go bust like any other business.
If we all accepted everything that was thrown at us then we would be a very weak nation.
I will let you know how i get on - I'm looking at their vision and mission statements in Denmark - all about trust and customers first!!
What a joke of a bank
So the rate can be reduced by 0.45% by opening a [broken link removed]Friday, 31st May, 2013
Danske Bank has today announced a number of changes to its mortgage pricing structure. The new pricing structure is based on the customer’s Loan to Value (LTV) ratio. Under the new structure, customers will be able to avail of variable and fixed rates from 4.45% (4.95% APR). Should a customer opt to open one of Danske Bank’s Prestige or Easy Plus account packages, however, that rate will decrease to 4.00% (4.85% APR) and 4.25% (4.91% APR) respectively. These rates remain among the most competitive mortgage rates in the market today.
The new fixed rate pricing structure comes into effect on the 4th June while the new variable rate options, which are available for new mortgage business only, come into effect on the 8th July.
Danske Bank is also increasing its existing Home Loan Variable Rate, Standard Variable Rate (SVR) and Investment Mortgage Rate from 4.35% (4.44% APR) to 4.95% (5.07% APR) with effect from the 8th July. Existing customers can choose to switch to one of our two, three or five year fixed rate options or they can reduce the rate increase by either 0.20% or 0.45% by moving to the Bank’s Easy Plus or Prestige packages. In addition to reduced mortgage rates, these packages offer competitive rates on overdrafts and credit cards, credit interest on credit balances and higher rates on savings products.
Danske Bank remains committed to providing customers with products and services that are competitively priced and reflect the cost of providing that product or service. The changes, which are the first the Bank has made to these rates since 2011, do not affect the Bank’s existing Fixed Rate and Tracker mortgage holders.
Danske Bank is writing directly to any affected customers to advise them of the changes. However, if a customer has any queries, they should contact the Bank at 1890 866 866, or directly via the eBanking service.
- Competitive interest rate paid on credit balances, with no limits
- Preferential interest rate on your savings
- ATM card with Laser, Maestro facilities
- No transaction or referral fees
- MasterCard Platinum credit card at same rate as your overdraft
- Free Priority Pass, giving access to 600 VIP airport lounges around the world
- Overdraft with no set-up fee
- Free travel insurance benefits for you and your family
- Access to Direct Banking services – eBanking, 24/7 Telephone Banking and Customer Support Team
- May be eligible for a preferential home loan discount rate on your mortgage interest rate. Terms and Conditions apply, salary or equivalent regular income required to be mandated to the account. Loans subject to credit assessment.