ECB Rate Change


The ECB has announced a 0.5% increase in official rates, consequently, AIB will be making the following interest rate changes.


  • Tracker mortgage rates will increase for all Tracker Mortgage customers by 0.5% in line with the ECB increase. 
  • This change will take effect in August for most customers and AIB Group will write to all Tracker mortgage customers confirming the new interest rate and the effective date.
  • There is no change to AIB Group’s current variable or fixed rate mortgage rates.


  • We are removing negative interest from our customers’ accounts.
  • If we currently apply negative interest to your accounts, we will remove it on 12 August.
  • If we recently wrote to you notifying you that negative interest will apply to your accounts, this will now no longer happen.
  • We will write to all affected customers.

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 0.50%. This means the tracker mortgage rate is going up by 0.50%.

We will write to all customers to inform them of the changes to their Tracker Mortgage interest rate from early August.

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.