The promised “restructuring” of Anglo Irish Bank and Irish Nationwide Building Society (INBS) can now begin after a A High Court order was made today (Feb 8th 2011) permitting an auction of deposits and assets in both of the financial institutions. The auction will result in the deposits and assets in both institutions being transferred […]
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Irish Nationwide
Irish Nationwide Increase Variable Mortgage Rate
Irish Nationwide increased the interest rate on their variable mortgages this week. The rate has risen from 2.74% to to 3.21% – a rise of 0.45%. This week also saw KBC reduce it’s 3 and 5 year fixed rate mortgages . See the updated list of best buy mortgages on the right .
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More Money for Irish Banks
Brian Lenihan – Finance Minister spoke today about funding shortfalls in the Irish Banks . He said AIB would need to raise €7.4bn by the end of the year to meet targets. It plans to start selling off assets in Poland, the US and Britain to help raise this, but the State will have to […]
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Irish Nationwide Increase Deposit Rate
For the second time in a few weeks – Irish Nationwide have increased the interest rate on their 12 month fixed rate deposit account. The new rate is 3.5% – it was previously 3.35% . The only 12 month fixed rate higher than that in Ireland now is 3.6% from Investec. Both accounts need a […]
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Irish Nationwide Reduce Savings Rates
Irish Nationwide have today lowered the interest rates on at least 2 of their deposit accounts. The Instant Access account rate has been dropped from 3.75% to 3.25%. The INBS regular saver account – was 4.35% but is now 1% lower at 3.35%. See the updated lists of Best On Demand Interest Rates and Best […]
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