Should I breakout of EBS fixed rate

T

Techhead

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I am currently on a fixed rate of 3.5% with EBS. Moved from the SVR of 3.7

Should i break out in advance of any possible SVR reductions?. At the moment the breakage fee is zero.

Thoughts?
 
move to BOI and avail of cahsback. It was posted somewhere here that the rate can be equivalent to 2.53% when taking cashback into account (on 3% fixed)
 
Thanks. Not a fan of BOI. I like the cashback offer but I would prob go with the new AIB LTV offer
 
it is your prerogative if you wish to spend more money than you have to, but yeah not a fan myself of BOI.

You could just do 1 year fixed and move again for another cashback if they still exist, PTSB, EBS. Although depending on loan value, the 3k payment from AIB could be just as much or more
 
Just note the EBS breakage fee is based on their Cost of Funds in the market so not connected to their SVR rates in anyway (both contractually and by legislation).

If you break you'll go to their SVR.

Unless you plan to move elsewhere, don't break out.

You could start the process of moving, it takes a number of weeks, and break out when you're moving.
 
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