Bank Changing fixed rate during fixed rate period

Stitcher

Registered User
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322
I am in the process of switching to a fixed rate with KBC. I am reading the offer letter and special conditions, and having lost my tracker due to a 'special condition' am very wary! The following is special condition 5.6 about changing the fixed rate DURING the term of the fixed rate period. Is this normal?
 

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Hi Stitcher

This is very different from your issue with ptsb.

ptsb said "We will determine the tracker rate when the discounted period is over"

KBC is saying: This is the fixed rate and it will not change, except in very extreme circumstances.

I had not seen that clause before but I would not worry about it. It is very unlikely that they will ever invoke it.

But if you are concerned, could you switch to someone else other than KBC?

Brendan