Thought i’d would post this up as it might be of interest to a a few people. I fixed last month with B.O.I for 2 years @ 3%.
Rang up last week as I was just curious as to what or if any breakage fee there would be to leave the fixed rate. I was quoted €100 that day and they said it varies based on the markets they borrow from.
You'd need to provide exact Mortgage amount and date of drawdown to get a precise calculation, but this suggests the 3 year deposit rate dropped marginally from the date you drew down to the date you requested a break.
You're talking about a move of 0.0016% on a 200k mortgage to result in 100 EUR.
I needed to ring them as they had sent a letter out stating I had taken a 3 year fixed rate out when i had only opted for 2. The other paper work stated 2 years sent out before.
So it was just curiosity indeed after I called them to clear that letter up. They sent me a new one.
But I’ll keep a keen eye on rates... fixed seems the better option for me at this time.