New banking market entrant Halifax has announced the launch of a current account product it claims will offer the best value to Irish banking customers.
The bank's new personal current account product will pay interest of 10 per cent interest to customers on their credit balances and an overdraft rate of 9.5 per cent.
Customers are being offered free banking for everyday transactions and the bank claims that qualifying current account customers of AIB and Bank of Ireland would save an average €132 a year by switching.
The new current account product will be available to customers from the 21st of May.