Firm follows AIB and Bank of Ireland with reduction
PTSB is to cut its interest rates for a host of savings products, the latest such cut by one of the big banks.
The change will apply to six-month, one-year, 18-month, three-year and five-year fixed-rate deposits, the bank added. That includes its Interest First and Online fixed-term deposit accounts. The current rates on these products range from 2 per cent to 2.75 per cent. Work from home: ‘I am in the office twice a month, I find it very isolating and bad for my mental health’PTSB is the last of the three big banks to reduce rates even as the European Central Bank has cut interest rates repeatedly in recent months.
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