Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland: Allied Irish Banks

2:00 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

In respect of the cost of funding, will Mr. Duffy state the reason the one year fixed rate for new customers at roughly 3.5% is lower than the variable rate, which ranges from 3.85% to 4.25%? That would not be the norm. Why is the fixed rate lower than the variable rate?

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