Permanent TSB joins institutions who cut rates
Yesterday, Permanent TSB became the latest institution to cut the rate it pays to its 25,000 holders of variable deposit SSIAs by 0.5%. This follows on similar low profile cuts in rates by AIB Group -0.75%, First Active -0.5% and ACC Bank -0.5%.
Bank of Ireland said it has no plans to cut the 4% rate it has paid to its 200,000 variable account holders since the inception of the SSIA scheme through which the Government pays 1 into SSIA accounts for every 4 saved.
