Find a page

Concern over tracker rate margins
24 Nov 2015 22:10
AIB and Permanent TSB are charging high margins to tracker mortgage customers who win the right to revert to a tracker rate after temporarily fixing for a period, RTÉ’s Prime Time reported tonight.
The elevated margin rates over the low ECB tracker rate are part of a Central Bank investigation into tracker-related issues across all banks, including AIB, Bank of Ireland, Ulster Bank and KBC.
Prime Time also revealed that Bank of Ireland failed to restore 1,800 of its own staff to tracker mortgages, despite having done so for 2,096 customers in similar circumstances in 2011.
An internal Bank of Ireland briefing note obtained by Prime Time showed that in October 2008 the bank carried out an investigation into the consequences of not offering trackers back to existing customers and staff who had temporarily fixed their rates.
Arising out of that investigation, the bank changed its internal systems so that the tracker option was removed.

Where can I get RTÉ Aertel Digital?

RTÉ Aertel Digital is an enhanced digital version of the RTÉ Aertel teletext service. It functions in the same way as the analogue service, offering current news, sport and weather updates but is now more agile and easier to use.

RTÉ Aertel Digital is available on Saorview, the new free digital TV service in Ireland.
Press TEXT button on your remote to launch Aertel from RTÉ One, RTÉ Two, RTÉ News Now.