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Bank of Ireland Announces Deposit and Loan Interest Rate Increases

14-Jun-07

    Bank of Ireland announces the following interest rate increases on deposits and loans, which come into effect on Thursday, 14th June 2007.

    LOANS

    HomeloansOld RateChange in RateNew RateAPRRepayment per €100,000 per month over 20 years
    Standard variable rate5.09%0.25%/td>5.34%5.4%€677.56
    Investment variable rate5.59%0.25%5.84%6.0%€705.62
    Personal LoansOld RateChange in RateNew RateAPR
    Overdraft12.75%0.25%13.00%15.1% with o/d fee
    Loan & Term Loan11.65%0.25%11.90%12.4%

    Other Personal Lending rates will increase by 0.25%

    Business LoansOld RateChange in RateNew Rate
    Overdraft10.05%0.25%10.30%
    Term Loan & Loan Accounts9.00%0.25%9.25%
    Small Business Loan
    Introduced Dec 2004    		Old RateChange in RateNew Rate
    Amounts from €65,000 to €200,0006.40%0.25%6.65%
    Amounts from €25,000 to €64,9997.40%0.25%7.65%
    Amounts up to €24,9998.40%0.25%8.65%

    DEPOSITS

    Interest rates for deposit accounts are being increased:

    Reserve Deposit/
    Business Surplus    		Old RateChange in RateNew Rate
    Up to €24,9991.60%0.25%1.85%
    €25,000 to €99,9991.90%0.25%2.15%
    €100,000 to €499,9992.00%0.25%2.25%
    Over €500,0002.25%0.25%2.50%
    Demand DepositOld RateChange in RateNew Rate
    €0-€99,9990.80%0.10%0.90%
    €100,000 +1.15%0.15%1.30%

    Credit Card APRs will increase by 0.25% on most products on 29th June 2007.

    Ends
    13th June 2007

    For further information contact:

    Bank of Ireland
    Sharon McDonnell/ Deirdre Kingston
    Group Corporate Communications
    Ph:604 3750 / 01 604 3788

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