KBC Current Account & Mortgage offer available from today, 26th August 2014

26/08/14

90% increase in the number of KBC Current Accounts opened since offer first announced.

KBC Bank Ireland has officially launched a further attractive offer for the thousands of banking customers considering opening or switching current accounts. Starting today, a customer who opens a KBC Current Account can avail of a 0.2% discount on KBC’s competitive new mortgage variable and fixed rates, which could be worth €322* average per year on a typical mortgage.

The mortgage offer is available now to all new owner occupier mortgages. The new offer will appeal to customers looking to buy their first or subsequent home or indeed to those looking to switch mortgage providers for even better value. 

Testament to demand for the offer so far is the 90% increase in the number of KBC Current Accounts being opened weekly since the offer was first announced in August. Furthermore, KBC is honouring customers already in the process of a mortgage and interested in the offer, i.e. anyone who has closed since 5th August, 2014 or customers at the application stage.

Customers who already have a Current Account with KBC, or customers who open a new KBC Current Account can avail of the mortgage offer if they mandate their salary to their account and pay their new KBC Mortgage by Direct Debit from their KBC Current Account. They will then receive a flat discount of 0.2% on new business variable or fixed residential mortgage rates for the life of their mortgage. 

The 0.2% discount is also available on the roll off variable rate after the fixed rate period ends and KBC currently offers some of the lowest roll off variable rates in the market today.

To continue availing of the reduced rate for the lifetime of their mortgage, they must keep their salary mandated to their KBC Current Account and pay their new KBC Mortgage by Direct Debit from their KBC Current Account. 

The KBC Current Account offers real value to customers providing free online, mobile and debit card transactions and for those who maintain €2,000 in their account, free ATM and cheque processing. Opening or switching a current account to KBC is easy and can be done entirely online.  KBC offers one of the most intuitive and customer friendly platforms available. 

To find out more about the Current Account Homeloan offer, click here.

*Mortgage savings of an average of €322 per year of the mortgage are based on a €250,000 mortgage over a 20 year period at the New Business LTV Variable rate of 4.47% (APR 4.56%).