Friday September 18, 2020

Mortgage war looms as AIB poised to lower variable rate again

Senior sources reveal bank set to bring rate down to around 3 per cent

Ian Guider

Markets Editor

15th May, 2016

AIB is set to bring its standard variable interest rate down again by the end of the summer, sparking a war between mortgage providers.

Senior banking industry sources told The Sunday Business Post that the bank would bring the rate down to about 3 per cent as it looks to grab market share. The sources said the reduction could come by September.

AIB caught its rivals off guard last week, slashing its variable rate by 0.25...

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