Brendan Burgess
Founder
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There has been a lot of discussion about Irish mortgage rates now being reasonable compared to the rest of the eurozone.
But I want to compare the margins the Irish banks are making. I searched but could not find any study of this.
Here are my initial findings but I want to research it further. But I don't want to reinvent the wheel. Has anyone seen a more systematic study?
Central Bank’s report for April
After a long period of being by far the highest in the eurozone, Irish mortgage rates are now about the same
Average for eurozone: 3.57%
Average for Ireland: 3.63%
What about deposit rates?
Eurozone average in March
Irish deposit rates
3 months’ notice: 1.21% (Ireland: Redeemable at notice: .24%)
One year’s notice: 2.09% (Ireland: 2 years’ notice: .58%)
Overnight: 0.15% (Ireland: .03%)
Ireland’s margin is double the average for the eurozone
But I want to compare the margins the Irish banks are making. I searched but could not find any study of this.
Here are my initial findings but I want to research it further. But I don't want to reinvent the wheel. Has anyone seen a more systematic study?
Central Bank’s report for April
After a long period of being by far the highest in the eurozone, Irish mortgage rates are now about the same
Average for eurozone: 3.57%
Average for Ireland: 3.63%
What about deposit rates?
Eurozone average in March
Irish deposit rates
3 months’ notice: 1.21% (Ireland: Redeemable at notice: .24%)
One year’s notice: 2.09% (Ireland: 2 years’ notice: .58%)
Overnight: 0.15% (Ireland: .03%)
Ireland’s margin is double the average for the eurozone