The AIB has announced that it is reducing its variable mortgage rate to 5.23 per cent following recent rate changes by the European Central Bank.
The bank is also making reductions across all fixed bands and is now quoting a two-year fixed rate of 5.2 per cent or a five-year fixed rate of 5.6 per cent.
AIB is maintaining its variable rate SSIA at 4 per cent - further lending and deposit rates will come into effect from the close of business today.