AIB has confirmed changes to its interest rates following the European Central Bank's half-point cut earlier this month.
AIB had already said it would pass on the cut in full to mortgage borrowers, and its standard variable rate comes down to 5% from close of business on Tuesday. Overdraft rates for personal and business customers also fall by half a percentage point.
Interest rates for savers are also coming down by 0.5 points, though rates for its Parent Saver and Online Notice 7 accounts will drop by only 0.25 points.
