KBC Bank Ireland has announced plans to cut interest rates for savers across a number of its deposit accounts from next month.

The changes will impact a number of personal customer accounts, with the rate for the Regular Saver Account being cut from 1% to 0.5%.

One of the bank's business and pension customer accounts, the Smart Access Demand Account, will see a 0.05% drop to 0.1%.

The rate changes take effect from 4 August.