EBS are offering a fixed term apr that is less than my current variable rate. How does this make sense, I would have taught they are taking on more risk by fixing the rate and as such it would be higher. The same confusion on their 3 and 5 year fixed terms I.e the 3 year fixed is less than the 5 year fixed rate (3.8 vs 3.9). Would appreciate if someone good explain or maybe point out if I am looking at the wrong thing?
Thanks
Thanks