PTSB is to cut its fixed-rate mortgage by up to 0.2% and make changes to its deposit rates, including increases and decreases.
The bank has announced a reduction of 0.15% to 0.2% on a range of fixed-rate mortgage products from periods of two years to seven years, which will take effect from today.
PTSB said the rate decreases will apply to mortgages where the loan-to-value (LTV) is between 80% and 90%.
It includes green mortgages and high-value mortgages, both of which offer lower rates in this LTV band.
The new rates for a 2-year, 3-year, 5-year and 7-year fixed terms in the 80% and 90% LTV band will range from 3.7% to 4.4%, depending on the fixed-rate period.
The lender said the rates will be available to both new customers and existing customers, who want to take out a new fixed-rate product.
"The new rate for the 4-year fixed term of 3.65%, which is a rate-only product, is available to new customers only," PTSB said.
It said the 80% to 90% LTV band is "particularly popular among First-Time Buyers, but the improved rates will be available to First-Time Buyers, switchers from other lenders and people moving house."
PTSB has also announced changes to deposit rates, which will come into effect from 1 October, and will be available to both new and existing personal customers.
The changes will apply to the bank's 6-month, 1-year, 3-year and 5-year fixed-term deposit products, including the 6-month and 1-year online fixed-term deposit products.
The 5-year fixed-term deposit will increase by 0.5% to 2%, and the 3-year fixed-term deposit will increase by 0.40% to 2%.
However, PTSB said its 1-year and 6-month fixed-term deposit accounts, which include online and interest first equivalents, will decrease by 0.25% to 2% and 1.25% respectively.
The lender said that customers who have recently taken out a new fixed term deposit have a cooling off period of up to 14 days, which will allow them to switch their deposit to benefit from new lower rates, before the relevant cooling off period expires.
