Oireachtas Joint and Select Committees

Tuesday, 21 May 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector (Resumed): KBC Bank

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

While there have been some reductions in the fixed rates on offer, KBC's standard variable rates remain stubbornly high. We have seen this with other banks too, whereby customers are encouraged to move to a fixed rate. Obviously, they should do so where they can, but there is a danger that banks are effectively removing the choice of a variable rate from customers in the long term. Is KBC's goal to get everyone onto a fixed rate from the variable rate?

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