Banking

Permanent TSB to raise rates on deposit account by 0.25 per cent

New rates will come into effect on June 20

Permanent TSB: This is the 3rd rate increase on saving accounts anounced by the bank since November 2022. Picture: Getty

Permanent TSB is to raise interest rates for deposit accounts by 0.25 per cent.

This marks the 3rd rate increase on saving accounts from Permanent TSB since November 2022, a trend which demonstrates the importance of deposit customers for the bank, TSB has said.

The new rates - which will come into effect on June 20 2023 - will see raise rise to 1 per cent for amounts up to €50,000 held in demand and ...