Rose Conway Walsh (Sinn Fein) | Oireachtas source

I think I will get a job in banking.

I want to return to the issue of the prevailing rate. Were the terms "variable" and "tracker" interchangeable? In the context of contracts in 2005, at the end, the bank had a fixed rate that would roll on into a prevailing rate. What was the difference between the variable rate and the prevailing rate? For someone who was on a one-year fixed rate from 2005 that ended in June 2006, the prevailing rate - the 3% plus a further 1.4% - kicked in for July and August and then that changed again but was linked to the ECB rate. If something is linked to the ECB rate, surely it is a tracker rate and not a variable rate. Will our guests tease that matter out for me?