ECB Rate Change


On 8 September 2022, the European Central Bank increased its ECB Refinancing Rate by 0.75%. As a result we will make these changes to our rates:


  • Tracker mortgage rates will increase by 0.75% for all (Tracker) mortgages linked to the ECB rate.
  • The change will happen during September and October, and we will write to our customers with Tracker mortgages confirming the new interest rate and the date it’s changing.

Negative Interest Rates:

  • As previously advised, negative interest is no longer applied to customer accounts since 12 August 2022.
  • Any negative interest calculated up to 12 August 2022 was deducted from customer accounts on 1 September 2022.
  • We wrote to all affected customers in advance of this change.

A tracker mortgage ‘tracks’ changes to the ECB rate. If the ECB decides to increase or decrease its rate, the rate on the Tracker Mortgage will go up or down by the same percentage.

The ECB has increased its rate by 0.75%. This means the tracker mortgage rate is going up by 0.75%.

We will write to all customers to inform them of the changes to their Tracker Mortgage interest rate from mid-September.

The direct debit for your mortgage will automatically change, so you don’t have to do anything.

You will need to amend your standing order to reflect the increased mortgage repayment. If you are registered for our AIB mobile banking app, you can amend the standing order through our “Pay & Transfer” option. Alternatively, you visit the Quick Banking Area in your local branch.

If your current account is not with AIB, you will need to contact your Bank to make an amendment to your standing order.

Our Standard Variable Rate, LTV Variable Rates and Fixed Rates are unchanged. Details of our mortgage rates are available on our website.

You can visit:

If you are concerned about your current mortgage repayments, or if you are already in arrears on your repayments, you can speak to our Credit Support Unit by calling 0818 251 008 and selecting Option 1. 

Alternatively, you can visit

We have wide range of competitive rate options available for customers. Please visit our website for more information.