National Irish Bank (NIB) has launched a range of new products aimed at attracting new customers following its takeover by Denmark's Danske Bank.
The bank has spent the last 12 months transferring to Danske's IT system. NIB also plans to add 15 new branches over the next three years.
NIB has unveiled five new personal banking packages, combining current account, overdraft, credit card and e-banking. Three of these will have no maintenance fees.
There will be the same rates for overdraft and credit cards - ranging from 8.25% to 9.5%. NIB will also pay credit interest rates of up to 1.75% on current accounts.
The bank has also announced savings products aimed at SSIA account holders. An ECB Tracker Deposit account will pay the ECB rate plus one percentage point, with a minimum opening balance of €5,000. Regular savings accounts will accrue interest at the ECB rate plus 0.5 points, with instant demand and no minimum deposit.
NIB says its new technology platform will offer the ability to trade stocks and shares online and a text messaging service for account information.
