Yes, I remember these numbers floating around last year during the Oireachtas committee sessions. And this was after PTSB contacted them 3 times to recommend changing from SVR to MVR. I fully accept people do not trust banks, but surely most people have someone they can ask for advice of this nature. If you cannot switch banks, you should definitely want the lowest rate possible from them until you are in a position to switch ! You cannot force people to want lower rates - this can only be done through financial education !