EBS to raise interest rates for mortgages and deposits

The average rate increase on fixed rate mortgages is 0.59 per cent

The new rates will come into effect on March 15. Photo: Gan Chaonan

EBS has become the latest lender to announce an increase in its mortgage and deposits interest rates.

The rate increase will vary across mortgages but EBS said in a statement that it will amount to a 0.59 per cent increase across fixed rate residential and buy to let mortgages.

The lender said it was applying the increase following a net increase of 3 per cent in interest rates by the European Central Bank (ECB) since ...