Bank of Ireland said today it would raise its fixed mortgage rates again and also introduce a new term deposit account for business customers.
The bank said this follows cumulative increases of 3.5% in European Central Bank rates since July last year.
Bank of Ireland's fixed mortgage rates for new and existing customers is to increase by 0.5% from today.
It said this includes customers who are coming to the end of their fixed rate period and are seeking to re-fix their mortgage, and tracker rate or variable rate customers who wish to move to a fixed rate.
Its variable rates remain unchanged.
Applicants who already have a credit approval and who draw down the mortgage by May 5 can still avail of the previous fixed rates, it added.
Bank of Ireland also said today that it would launch a new one-year term deposit account for business customers at 0.50%. This will be capped at €250,000.
The new deposit account will be available from April 18.
In total, Bank of Ireland has now announced a cumulative 1.5% increase in its fixed rates since the first change by the ECB back in July.
