Mortgage rates have been lowered by EBS and Haven, and they have also expanded their cash back offer.
### EBS and Haven Lower Interest Rates on Non-Green Mortgages, Offering Significant Savings for Customers
In a move aimed at providing value to customers, EBS and Haven, part of the AIB Group, have announced a reduction in interest rates for non-green fixed mortgages. Effective from July 24, 2025, the interest rates for these mortgages have been adjusted, with two- and three-year fixed rates seeing a larger 0.50% reduction, while other non-green fixed rates received a 0.20% cut.
The new interest rates are as follows:
- EBS Fixed 2-year: Approximately 3.70% (from 3.90%) - EBS Fixed 3-year: Approximately 3.80% (from 4.30%) - Haven Fixed 3-year: Likely to be around 3.80% or lower (exact pre-cut rate unknown)
These reductions are expected to deliver substantial savings for customers over the long term. For instance, a €300,000 mortgage over 25 years could result in around €15,000 savings in interest payments due to the 0.50% rate cut. If the rate cut had been 0.20% (for other non-green fixed rates), savings would be proportionally smaller but still substantial, roughly €6,000–€7,000 over 25 years.
Customers switching to EBS and Haven will also benefit from extended cashback and switcher offers, which have been extended to the end of December 2026. The monthly repayment for a new €300,000 three-year non-green fixed rate mortgage from Haven over a 25-year term is €1,542.39, representing a saving of €83.53 a month compared to a similar mortgage from EBS previously.
The reductions are in response to the falling interest rate environment and AIB's commitment to delivering value for customers. These changes are particularly beneficial for customers whose homes do not have a Building Energy Rating of B3 or higher.
Managing Director of EBS and Haven, Paul Butler, stated that the reductions of up to 0.50% will help customers save on their monthly repayments and avail of Cashback and Switcher offers. Over the 25-year term, the total saving for the new EBS mortgage is €3,506.85, while the annual saving is €1,002.36.
With these changes, the AIB Group continues to offer a wide variety of choice, value, and convenience for customers seeking to buy or switch their mortgage.
Customers who prioritize their personal-finance and are considering a non-green fixed mortgage will find value in the current business venture between EBS and Haven, as they offer significant savings. In the coming years, customers could potentially save around €15,000 on a €300,000 mortgage with EBS and €6,000–€7,000 with Haven, thanks to the reduced interest rates in finance.
