Bank of Ireland has announced a 0.25 per cent reduction in interest rates for its 12 and 18-month fixed-term deposit accounts, effective from February 18.
The bank, however, confirmed that there will be no changes to other savings products, including the SuperSaver regular savings account, Advantage 6-month Fixed Term deposit, Notice Deposit account, Instant Access Demand account, MortgageSaver, and GoalSaver accounts.
Customers currently in the process of opening a 12 or 18-month fixed-term deposit can still secure the existing rates if they complete their application by the close of business on February 17.