Briefs: ICS 12-month tracker loan

The ICS Building Society is offering a 12-month discount home loan tracker product, called the ICS Discount Tracker50 at 2.5 per cent.

22nd January, 2005

The ICS Building Society is offering a 12-month discount home loan tracker product, called the ICS Discount Tracker50 at 2.5 per cent. The rate is calculated at the European Central Bank rate plus 0.5 per cent for the first 12 months. After 12 months it then rolls to the ICS Tracker variable rate of ECB Repo rate plus 1.3 per cent (or 3.30 per cent variable). ICS claims this discount tracker offers the lowest 12-month discount variable rate in the market.

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