PTSB cuts interest on a fixed-rate mortgage but hikes variable cost
PTSB has become the second lender to cut a mortgage rate since the European Central Bank engaged in a succession of interest rates hikes.
www.independent.ie
Some highlights from these changes...
"The lender, which changed its name from Permanent TSB to PTSB, is reducing the rate for new business by 0.4 percentage points on its four-year fixed term mortgages."
"PTSB’s standard variable rate for home loans will increase by 0.4 percentage points to 4.7pc with effect from January 17 next."
"For deposit customers, the bank is announcing a 0.99 percentage point increase in its 40-Day Notice Account, bringing the applicable rate up from 0.01pc to 1.00pc."
