Hi
Just saw this thread now. I am in a similar situation to CnocAmhran and am keeping a watching eye on PTSB.
The interest rate I pay to PTSB is 1.1% (I know that others pay less) and I was interested in Brendan's comment that PTSB can access funds for around 1%. I am no expert in the area, but this seems cheap to me. The NTMA recently bought 15 year bonds at 2.2% and I would have thought that Ireland inc might be able to borrow cheaper than PTSB? I know that PTSB will have various sources of funding, including very low rate deposit and current accounts, but I would have thought that they must borrow siognificant amounts in the markets / through inter bank loans?
Assuming Brendan's 1% estimate is correct, in my case where I borrow from them at 1.1%, would PTSB's margin of 0.1% even covers their costs?
Any views?