Bank of Ireland raises tracker mortgage and deposit rates following ECB interest rate increase

All tracker mortgage rates will increase by 0.5 per cent, in line with rate hikes confirmed by the European Central Bank, while negative interest rates applied to customer accounts will end

In addition to increasing mortgage rates, any negative interest rates that are currently applied to customer deposit balances will come to an end as of 3 August. Picture:

Bank of Ireland has announced a number of interest rate changes for tracker mortgage and deposit customers following confirmation from the European Central Bank that interest rates will rise by 0.5 per cent.

The Irish lender will increase all tracker mortgage rates for its customers by 0.5 per cent, from August 10.

“Bank of Ireland will write to all tracker mortgage customers confirming the new interest rate, the effective date, and their new repayment amount,” ...