PTSB increases deposit rate on new accounts 

Bank said it was increasing the interest rate on its 18-month term deposit rate to 2.5%, an increase of 0.5%

Move comes following two interest rate increases by the European Central Bank. 

PTSB has announced it has increased the deposit rate paid out on one of its savings products to 2.5%, reflecting recent rate changes brought in by the European Central Bank (ECB).

Between July and September, the ECB increased its deposit facility rates from 2% to 2.5%. Another rate hike is expected before the end of the year, with the last ECB meeting of 2026 scheduled to take place in December.