Brendan Burgess
Founder
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Ulster Bank is officially closing to new business from this Friday 29th October. They have been effectively closed since they announced their intention to close.
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Their existing fixed rates are lower than the market average and certainly lower than permanent tsb which is planning to buy them.
I can't see Ulster Bank reducing these rates in response to market movements, but I wonder might they increase them or just withdraw them and then when fixed rates end, people would end up on the very high variable rates.
I doubt it as they probably don't want their customers to switch to other lenders.
Brendan
Time to switch? Ulster Bank and KBC push ahead with plans to exit Irish market
‘Don’t leave it to the last minute’ is advice to existing customers
Their existing fixed rates are lower than the market average and certainly lower than permanent tsb which is planning to buy them.
I can't see Ulster Bank reducing these rates in response to market movements, but I wonder might they increase them or just withdraw them and then when fixed rates end, people would end up on the very high variable rates.
I doubt it as they probably don't want their customers to switch to other lenders.
Brendan