Variable rates aib

Bailed out bank AIB is piling the pressure on home owners by raising its standard variable mortgage rate by 0.5% despite the ECB rate being cut to a historic low.

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variable interest rate. It is also the default reversionary rate for customers rolling off a fixed rate if they chose not to re-fix or avail of a LTV rate at the end of their fixed rate period. Summary of rate changes announced AIB Owner Occupier Fixed Rates Current New Effective from 10 April 2019 Reduction 1 Year Fixed 3.20% 3.15% -0.05%

Standard Variable Rate 4.85% 4.97% Existing tracker rates: ECB rate plus agreed margin as per mortgage contract. The current ECB rate is available at www.ecb.int or on request. Rate Bands. Current Variable Rates. Minimum. Maximum. A.E.R % Gross% AIB Saver Account Regular Saver Rate. €10. €1,000 per month* 0.25%. 0.25%. Standard Saver Rate. Balances above the Maximum Monthly Threshold. No Maximum. 0.01%. 0.01%. Online Saver Online Regular Saver Rate. €10. €1,000 per month* 0.25%. 0.25%. Standard Online Saver Rate A variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result. AIB said that customers currently on a variable rate of 3.15% who switch to its new Green five-year fixed rate, will see a reduction of €96 in their monthly mortgage repayments - €1,152 a year variable interest rate. It is also the default reversionary rate for customers rolling off a fixed rate if they chose not to re-fix or avail of a LTV rate at the end of their fixed rate period. Summary of rate changes announced AIB Owner Occupier Fixed Rates Current New Effective from 10 April 2019 Reduction 1 Year Fixed 3.20% 3.15% -0.05%

“AIB loan-to-value variable rates are now as low as 2.75 per cent, resulting in significant savings for new and existing customers,” said the bank. Fixed-rate changes will come into effect from

Standard Variable Rate 4.85% 4.97% Existing tracker rates: ECB rate plus agreed margin as per mortgage contract. The current ECB rate is available at www.ecb.int or on request. Rate Bands. Current Variable Rates. Minimum. Maximum. A.E.R % Gross% AIB Saver Account Regular Saver Rate. €10. €1,000 per month* 0.25%. 0.25%. Standard Saver Rate. Balances above the Maximum Monthly Threshold. No Maximum. 0.01%. 0.01%. Online Saver Online Regular Saver Rate. €10. €1,000 per month* 0.25%. 0.25%. Standard Online Saver Rate A variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result. AIB said that customers currently on a variable rate of 3.15% who switch to its new Green five-year fixed rate, will see a reduction of €96 in their monthly mortgage repayments - €1,152 a year variable interest rate. It is also the default reversionary rate for customers rolling off a fixed rate if they chose not to re-fix or avail of a LTV rate at the end of their fixed rate period. Summary of rate changes announced AIB Owner Occupier Fixed Rates Current New Effective from 10 April 2019 Reduction 1 Year Fixed 3.20% 3.15% -0.05% “AIB loan-to-value variable rates are now as low as 2.75 per cent, resulting in significant savings for new and existing customers,” said the bank. Fixed-rate changes will come into effect from

24 Feb 2020 Their variable rates are now well ahead of those offered by AIB, Finance Ireland and ICS Mortgages.

14 May 2019 “And 59% of AIB's mortgage customers are on a variable rate of between 2.75% and 3.15%, and many of them have not submitted a revised 

Basically, AIB acknowledged it has been charging some customers the more expensive variable rates on their mortgages when they were entitled to be on 

A variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly  AIB Mortgage Bank is a wholly owned subsidiary of Allied Irish Banks,. p.l.c. AIB What do we consider when setting our variable interest rates? There are a  For more information on variable rate accounts which are no longer available to be opened by customers, please ask a member of staff or visit www.aib.ie. 9 Apr 2019 Ireland's largest mortgage provider AIB, who already offer the lowest variable rates in the market, are introducing a range of highly competitive 

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In case anyone else is interested these seem to be the variable rates applying to AIB Home Loans. Sorry - can't seem to insert a table . May 2007 – 4.85%; 19th June 2007 – 5.1%; 16th January 2008 – 5.25%; 16th July 2008 – 5.5%; 22nd October 2008 – 5%; 19th November 2008 – 4.5%; 17th December 2008 - 3.75%; 28th January 2009 - 3.25%; 19th March 2009 - 2.75% To view our AIB mortgage calculator please visit our Mortgage repayment calculator and use the filter button button to select only AIB mortgages only. You can select all lenders or a range of lenders or rate types also. Variable rates 90% ltv mortgages from 3.15%. Available through our partner Haven Mortgages Ltd ( AIB Mortgage Group). AIB uniquely offers customers choice through highly competitive fixed and variable rate offerings AIB introduces ‘digital mortgage ’ offering* Ireland’s largest mortgage provider, AIB, is cutting its 3-year and 5-year fixed rates from 2.85% to 2.55% and Standard Variable Rate 4.85% 4.97% Existing tracker rates: ECB rate plus agreed margin as per mortgage contract. The current ECB rate is available at www.ecb.int or on request. Rate Bands. Current Variable Rates. Minimum. Maximum. A.E.R % Gross% AIB Saver Account Regular Saver Rate. €10. €1,000 per month* 0.25%. 0.25%. Standard Saver Rate. Balances above the Maximum Monthly Threshold. No Maximum. 0.01%. 0.01%. Online Saver Online Regular Saver Rate. €10. €1,000 per month* 0.25%. 0.25%. Standard Online Saver Rate A variable rate mortgage has a rate of interest which can change. We will always tell you in advance if it is going to go up or down and how your monthly repayment amount will change as a result.

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