Irish Independent - - THE WEEK -

AIB is set to spark a mort­gage war with a string of rate cuts, in a move that will save fam­i­lies hun­dreds of euro each year. The bank is cut­ting its vari­able rate for new and ex­ist­ing cus­tomers by 0.25pc, the Ir­ish In­de­pen­dent re­vealed. This will take its vari­able to 3.15pc, the low­est in the mar­ket. The move will ben­e­fit 100,000 ex­ist­ing AIB cus­tomers, sav­ing fam­i­lies up to €500 a year.

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