KBC fixed rate roll off

[31823056]

Hi there,
I see one of the conditions now imposed on BOI seems to be that that they must give KBC fixed rate customers upon their first rollover post migration the same interest rate which applied to KBC variable rate customers as and when the fixed rate rolled over post migration ( or fixed rate option). I wonder does this mean I will be entitled to the last KBC variable rate applying before they depart the market when my two year fixed rate expires next year?
Thanks ,B

 

[Brendan Burgess]

I very much doubt it.

The wording is confusing. But the key element of the statement is:

So Bank of Ireland can charge ex-KBC customers any variable rate they want and they will offer them the same fixed rates as they offer their own existing customers, which are the highest rates in the market - with the possible exception of some ptsb rates.

Brendan