Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:25 pm

Mr. Jeremy Masding:

There is a tracker interest rate, as well as a variable interest rate. Broadly, it is a function of the bank to change interest rates, depending on the cost of funds. The bank has a right at any point in time to move interest rates.