.The bank said there would be no changes for customers on existing fixed rates, and there are no changes to the bank’s variable rates for new or existing customers.
The higher rates will add around €60 a month to the repayments on a typical new fixed rate mortgage of €250,000. Customers on a Standard Variable Rate who transferred to Permanent TSB earlier this month from Ulster Bank are benefitting from Permanent TSB’s lower SVR rate with a 0.35 per cent reduction in their previous Ulster Bank SVR rate.
Permanent TSB is also announcing that it will raise interest rates payable on certain deposits from 0.2 per cent to 1.15 per cent .
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