Mortgage rates on course to drop below 3pc, but savers warned of fall in deposit returns

"Savers are warned that they will pay the price for falling home-loan rates, with returns on savings due to fall sharply in the coming months."

"The average rate on household deposits was 2.6% in November, down marginally from the previous month, with most savings sitting in low-yield overnight accounts. "

"Daragh Cassidy from Bonkers.ie stated that mortgage rates below 3% are now on the horizon, benefiting new buyers and existing mortgage holders coming off fixed rates."

"Mr. Cassidy advises savers to lock into higher rates while available, as banks like AIB and Bank of Ireland still offer up to 3%."

Read at Irish Independent