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AIB is next lender to pass on rates

AIB is the latest lender to announce changes to its lending and deposit rates in response to the recent European Central Bank interest rate increase of 0.25%.

All increases will take effect from tomorrow 20th June.

On the lending side, ECB related tracker mortgage rates increased by 0.25% and the standard variable home loan rate and the Home mortgage standard variable 'buy to let' rates also go up by 0.25%.

On the deposit side the SSIA variable deposit rate increases by 0.25% to 2.75%, while the online personal savings plan rate increases from 3.5% to 3.75%.