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Bank of Ireland announces deposit and loan interest rate increases

18-Dec-06

    Bank of Ireland announces the following interest rate increases on deposits and loans, which come into effect on Tuesday 19th December, 2006.

    Homeloans
    Old Rate
    Change in Rate
    New Rate
    APR
    Repayment per Eur 100,000 per month over 20 years
    Standard variable rate
    4.64%
    0.20%
    4.84%
    4.9%
    Eur 650.09
    Investment variable rate
    5.14%
    0.20%
    5.34%
    5.4%
    Eur 677.56

    Personal Loans
    Old Rate
    Change in Rate
    New Rate
    APR
    Overdraft
    12.25%
    0.25%
    12.50%
    15.4% with o/d fee
    Loan & Term Loan

    11.15%

    0.25%
    11.10%
    11.9%

    Business Loans
    Old Rate
    Change in Rate
    New Rate
    Overdraft
    9.55%
    0.25%
    9.80%
    Term Loan & Loan Accounts
    8.50%
    0.25%
    8.75%

    Small Business Loan
    Introduced Dec 2004
    Old Rate
    Change in Rate
    New Rate
    Amounts from Eur 65,000 to Eur 200,000
    5.90%
    0.25%
    6.15%
    Amounts from Eur 25,000 to Eur 64,999
    6.90%
    0.25%
    7.15%
    Amounts up to Eur 24,999
    7.90%
    0.25%
    8.15%

    Deposits

    Interest rates for deposit accounts are being increased:

    SSIA
    Old Rate
    Change in Rate
    New Rate
    Flexible Option
    3.00%
    0.25%
    3.25%
    Reserve Deposit/ Business Surplus
    Old Rate
    Change in Rate
    New Rate
    Up to Eur 24,999
    1.10%
    0.25%
    1.35%
    Eur 25,000 to Eur 99,999
    1.40%
    0.25%
    1.65%
    Eur 100,000 to Eur 499,999
    1.50%
    0.25%
    1.75%
    Over Eur 500,000
    1.75%
    0.25%
    2.00%
    Demand Deposit
    Old Rate
    Change in Rate
    New Rate
    Eur 0-Eur 99,999
    0.55%
    0.15%
    0.70%
    Eur 100,000+
    0.85%
    0.20%
    1.05%

    Ends

    For further information contact:
    Sharon McDonnell,
    Group Corporate Communications
    Ph: 604 3750

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