I wonder does the same logic apply as with the existing 3 and 5 year fixed rates, in that you could break without fees due to the small print and the current 2 year rate?
spoke to AIB yesterday and to be honest this is a great rate, also if it helps they have extended the length of term for a borrower out to 68 years if it helps, perhaps pre-empting the pension board review.
@cian59 It's a lower rate, so why not ? Only thing to note is that when you switch to that %, the 4 years starts from that date, not 4 years from Feb. Nothing stopping you from changing to any future lower rates (assuming there is zero break fee) and if you qualify for such.