Bank of Ireland savers facing third interest rate cut of year on some accounts

Bank will reduce rates on Advantage 12-Month and 18-month savings accounts on Thursday

Bank of Ireland will reduce interest rates on its 12 and 18-month fixed-term deposits by 0.25% this week.

Bank of Ireland will reduce interest rates on its 12 and 18-month fixed-term deposits by 0.25% this week.

From Thursday, the bank will reduce rates from 1.99% to 1.74% on its Advantage 12-Month Fixed Term fixed term accounts, and from 2% to 1.75% on its Advantage 12-Month Annual Equivalent Rate (AER) accounts.