PTSB to reduce deposit rates

STEINER

Frequent Poster
Messages
1,137
Hi,

Anyone spot this yesterday - http://www.independent.ie/business/personal-finance/latest-news/savers-to-lose-out-as-banks-cut-high-rates-for-deposits-3122946.html. Hopefully this will be good news to PTSB variable mortgage holders - whenever it will happen.

Angela59
I didn't realise this, nice to know. I opened a 12 month account 2 weeks ago with 4% interest PA, they would give 3.8% if opened today.

https://www.permanenttsb.ie/media/permanenttsb/pdfdocuments/depositrates/permanent-tsb-Deposit-Interest-Rates.pdf
 

walshd

Registered User
Messages
39
I'd rather get a lower rate with someone else rather than give PTSB a cent more than I have to. Us with the SVR mortgages aren't the ones with savings though!
 

angela59

Frequent Poster
Messages
594
walshd,

You, me and about 80,000 other SVR borrowers are all in the one boat subsidising deposit rates and low trackers rates, hopefully though by getting the message across at the AGM last week on how badly they were treating SVR borrowers that PTSB are changing their tune and finally realising that this can't go on.

Angela59
 
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