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06 Sept 2025
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06 Sept 2025
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A major Irish bank has confirmed that it will be passing on interest rates increases to its customer from August.
AIB said in a statement: "Following the European Central Bank’s increases in interest rates since July 2022 and in a rising interest rate environment, we are increasing all our variable interest rates.
"From 14 August 2023, we’ll increase our variable interest rates for mortgages by 0.65% for Private Dwelling Homes (PDH).
"We will write to affected customers before the change to advise them of the increase in their mortgage repayments," the bank outlined.
Fixed and variable mortgage rates in Ireland will rise by an average of 0.46%.
The bank said the increase will be across its AIB, EBS and Haven fixed and variable rates.
With the exception of green mortgage fixed rates, AIB, EBS and Haven fixed rates will increase by between 0.15% and 0.70%.
The bank said the new fixed mortgage rates are effective from 30 June.
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