Report to find banks not overcharging on interest

Report to find banks not overcharging on interest

A Central Bank report on the cost of mortgages is likely to find banks are not charging exorbitant variable interest rates.

The Central Bank was ordered by the government to look at the disparity in standard variable rates (SVRs) in Ireland and the euro area. The government has called on the major banks to reduce their rates to alleviate pressure on mortgage holders.

Although standard variable rates here are about 4 per cent (compared with...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post