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BOI Mortgage Interest Rate - Calculated Daily or Monthly

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  • 07-03-2018 2:38pm
    #1
    TitanIreland
    Registered Users Posts: 3 ✭


    Hi,

    Does BOI calculate interest on a mortgage Daily or Monthly?

    Thanks

    Richard 


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    #2
    Bank of Ireland: Sarah
    Closed Accounts Posts: 1,640 ✭✭✭Bank of Ireland: Sarah


    TitanIreland wrote: »
    Hi,

    Does BOI calculate interest on a mortgage Daily or Monthly?

    Thanks

    Richard 


    Hi Richard,

    Thanks for getting in touch with us on Boards.

    The interest on your mortgage is accrued daily on the current balance and we charge this quarterly. If you need any further clarification on your specific Mortgage account, please get in touch with our Mortgages team on 01-6113333.

    Thanks,
    Sarah


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