Green five year fixed mortgage rate of 2.5%
AIB is sponsor of Climate Finance Week, starting November 4th
AIB ‘Do More’ climate action customer engagement campaign launched
AIB is backing its customers by making a competitive green five year fixed rate mortgage available.
The rate is available to new and existing AIB private dwelling house (PDH) mortgage customers
whose property has a building energy rating (BER) between A1 and B3. The green mortgage will
have a fixed rate of 2.5 per cent for five years.
Customers who meet the qualifying criteria will be able to apply for the green five year fixed rate
either as part of their mortgage application (new customers) or via the mortgage rate amendment
process (existing customers) from November 4th 2019.
For a mortgage of €300,000 over 25 years, the green mortgage customer will have repayments of
€1,210.56 per month, compared to repayments of €1,258.47 per month for a standard five year
fixed rate-a saving of almost €50 per month, and almost €600 per annum.
AIB’s green mortgage complements the bank’s existing customer proposition of choice and value,
with the bank offering low variable rates as well as highly competitive fixed rates, providing longer
term value and certainty.
Colin Hunt, AIB CEO said “Climate change is the most important challenge facing this generation. At
AIB, we are acutely aware that we are only at the beginning of our sustainability challenge and that
there is a great deal more to do. We recognise that supports are needed to help change societal
behaviour, and we will not be found wanting in helping our customers adapt and transition. The
green mortgage is the latest in a series of propositions in which AIB is backing climate action.”
The green mortgage proposition isn’t enough to address climate action, AIB needs to do more. The
bank has launched a customer engagement communications programme titled ‘Do More’. The
campaign acknowledges while the bank may have taken some steps to help combat climate action,
much more needs to be done. The call to action campaign is being launched on Monday 4th
The green mortgage and ‘Do More’ campaign come as AIB is sponsor of Climate Finance Week,
which begins tomorrow, Monday 4th November. As part of Climate Finance Week AIB will hold its
third Sustainability Conference for customers. A range of AIB’s customer supports and proof points
in the area of sustainability can be found in the sustainability notes of the release.