AIB Increases Interest Rates For Deposit Holders

Tuesday, 13 June 2023 10:46

By Caoimhe Harney

The rate changes come into effect from today.

AIB and EBS have increased their interest rates on a number of deposit accounts to 2%.

They have also increased their rates on regular saver offerings to 1.5% for personal and business customers.

The rate changes come into effect from today.

AIB's 2% return on its regular online saver, Junior and Student Saver and the EBS Family Saver accounts will apply to the first €1,000 per month for 12 months.

After this period, a rate of 0.1% will apply.

The move is likely to put pressure on Bank of Ireland and Permanent TSB to raise their rates for savers.

Irish banks have been criticised for the slow pace at which they are passing on the interest rate increases that the ECB has introduced since last July.

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