Folks,
Just wondering. I thought that once the ECB increase had come into effect that all the tracker rates would automatically go up by 0.25%. However, it appears that some have not done that (yet). Whereas for example the ICS tracker has gone up to 3.6%, the PTSB still remains at 3.35% and when I rang all I was told is that no notice had reached them yet from head-office and the quoted rate was valid. Isn't that a bit odd? Or can the banks just decide whenever they want to adjust the rates. Of course they could decide to just decrease the ECB+ rate, but that seems extremely unlikely...
Any thoughts or observations on this?
Just wondering. I thought that once the ECB increase had come into effect that all the tracker rates would automatically go up by 0.25%. However, it appears that some have not done that (yet). Whereas for example the ICS tracker has gone up to 3.6%, the PTSB still remains at 3.35% and when I rang all I was told is that no notice had reached them yet from head-office and the quoted rate was valid. Isn't that a bit odd? Or can the banks just decide whenever they want to adjust the rates. Of course they could decide to just decrease the ECB+ rate, but that seems extremely unlikely...
Any thoughts or observations on this?