Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The bank has eight accounts paying a rate of 9.1%. That is a fixed mortgage rate into which these customers would have entered some years ago. The rate is from a point in time but it would be nearly criminal at this stage. In terms of the breakage costs and in line with European changes, could such customers break out of that rate without incurring a significant penalty under the new rules around calculating breakage costs?