Permanent TSB bank has announced a 0.5 per cent cut in the bank’s standard variable rate for residential mortgage customers.
The cut, effective on May 14th, means 74,500 customers will get a rate cut from 5.19 per cent to 4.69 per cent.
Jeremy Masding, the new chief executive of Permanent TSB, has also confirmed that the bank will keep all its lending rates under regular review.
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