To fix or not to fix

walshd

Registered User
Messages
40
Hi,

irrespective of which bank a person is with etc. Would you recommend fixing your rate for 2,3 or 5 years at this point in time?

Thanks,
David
 

Gordon Gekko

Frequent Poster
Messages
4,471
Hi,

irrespective of which bank a person is with etc. Would you recommend fixing your rate for 2,3 or 5 years at this point in time?

Thanks,
David
It’s too open-ended a question.

It depends on the bank and the rate.

Personally, I think rates won’t increase anytime soon and that there should still be some downward pressure in Ireland due to competition and a decrease in the risk to banks.

On that basis, I wouldn’t fix at anything more than around 2.5%.
 

Laughahalla

Frequent Poster
Messages
216
I've just fixed for three years at 2.25% - I have some financial targets I want to hit over the next couple of years so It makes planning easier for me knowing what my fixed costs are.
 

moneymakeover

Frequent Poster
Messages
611
Gold futures hit $2000
Up from $1528 at the start of the year
That suggests inflation
And suggests increase in interest rates
 

Anthonyd

New Member
Messages
9
Does anyone have the aib number to ring to avail of the opportunity to revert to a variable rate, the letter says ring number on top of page but no number on the letter. It's my chance to get off a 5.2% fixed rate
 

RedOnion

Frequent Poster
Messages
4,597
Does anyone have the aib number to ring to avail of the opportunity to revert to a variable rate, the letter says ring number on top of page but no number on the letter. It's my chance to get off a 5.2% fixed rate
Hi, is this as part of the tracker redress offer? If it is, you'd be best to post a separate topic as it'll get lost here.
 
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