Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

In all sincerity, it would be the height of madness to be on a fixed rate with Bank of Ireland, given what is available in the market from its competitors.

A person may as well go to an ATM, if one can be found, take out a couple of thousand euros and burn it, because that is what is happening. That person is just giving away money that should not be given away. Thousands of euro can be saved by switching to AIB or Permanent TSB. That is not even to talk about Avant Money, which has particular loan-to-value rates. Why would any of Bank of Ireland’s customers remain on a 4.5% interest rate when its main competitor charges 3.15% for the same loan-to-value product? Is the bank just taking a hand at them?