KBC Bank Ireland to cut deposit interest rate from JulyMonday 26 May 2014 14.06
KBC Bank Ireland is to cut the deposit interest rate of its Smart Access Demand Account by 0.25% from July.
The rate offered on the account – which is for deposits of between €3,000 and €100,000 – will fall to 1.75% from 25 July, according to the bank.
KBC Bank Ireland announced the change in a newspaper advertisement today.
The change follows a similar move by Permanent TSB, which announced a deposit interest rate cut last week.