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AIB Become First Bank To Pass On Interest Rate Cut!

 

Updated : Jan 28, 2009

Homeowners got good news from AIB yesterday after they were the first bank to pass on the 0.5% interest rate cut by The European Central Bank(ECB). This means if you had a average mortgage of €300,000, your monthly repayments would be cut by €82.

This is the fourth cut in four months and again in the last four months, the average €300,000 mortgage would have dropped by €400 per month.... and there’s more good news on the way as the ECB plan to drop the interest rates again.

VeryHappyPig is Very Very Very Happy with the ECB!

 

 

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