BOI cutting 12 and 18-month fixed-term deposits again

[Freelance]

The largest retail bank in the State by assets said on Tuesday that it is reducing the interest rate on its 12 and 18-month fixed-term deposits by a quarter of a percentage point from Friday. That will see the 12-month rate fall to 2.25 per cent and the annual rate on the 18-month product decline to 2.73 per cent.

https://www.irishtimes.com/business...tarts-deposit-rate-cuts-after-ecb-reductions/

 

[theresa1]

Bank of Ireland cuts savings rates in move expected to be followed by others

Bank of Ireland is reducing two of its savings rates, with experts warning that there will be more cuts from its rivals to come.

www.independent.ie

 

[Lightning]

Not a surprising reduction by BoI.

And not surprising that BoI did not change mortgage rates at the same time.