Interest rate drops

Get ready for a round of deposit rate cuts from the banks this week. Ntma funds again looking better for the medium term.

Interstellar said:

Get ready for a round of deposit rate cuts from the banks this week.

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Source? Details please?

AIB, PTSB, KBC, BoI, Rabo and EBS have all cut some rates in the last month or so.

Rate drops

I tried to open 1 year fixed rate options with Ulster bank an KBC on Friday. Both said they were decreasing their rates tomorrow Tuesday.

OK thanks.

I just had a look on the KBC site and it looks like you are right, most of their rates dropped today.

Top-Up Deposit down from 2.05 to 1.80
Interest Up Front down from 2.25 to 2.00
Standard Fixed Rate Account 6 Month down from 2.10 to 1.85
Standard Fixed Rate Account 9 Month down from 2.15 to 1.90
Fixed Rate Account 12 Month down from 2.30 to 2.05
Fixed Rate Account 14 Month down from 2.35 to 2.10
Fixed Rate Account 18 Month down from 2.30 to 2.15
Fixed Rate Account 36 Month down from 2.30 to 2.15


The Smart Access and Smart Move accounts both dropped their rates last month and will drop again next month.

Interstellar said:

I tried to open 1 year fixed rate options with Ulster bank an KBC on Friday. Both said they were decreasing their rates tomorrow Tuesday.

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I was told in an Ulster Bank branch that the one year rate of 2.0% would be decreasing to 1.9% in early June. This has been reflected on their website today.

Thanks guys, the best buys are updated.

Sad to see rates continue on the downward trend.

I expect NTMA to drop their rates shortly - it takes them a few days to get a statutory instrument in place

cbreeze said:

I expect NTMA to drop their rates shortly

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What is your source for this information?

The NTMA in recent times have always dropped rates on a Sunday.