PTSB to cut interest rates on several personal and business products

PTSB is to reduce interest rates by 0.5% on new personal and business fixed-term and variable deposit products, the company announced on Wednesday. Picture: Andres Poveda

PTSB is to reduce interest rates by 0.5% on new personal and business fixed-term and variable deposit products, the company announced on Wednesday. 

Most of the changes will come into effect from Tuesday April 2, with the exception of two products where the change will take effect from June 4, the bank said. Holders of existing fixed-term deposit products will remain on their existing rate until their current fixed term comes to an end.