The financial institution has announced a .25pc reduction in its variable mortgage rates both for new and existing customers.
Additionally, the bank’s EBS and Haven customers will benefit from a 0.38pc cut.
The changes will take effect over the next couple of weeks, and will be of benefit to about 160,000 customers.
After the rate reductions, AIB customers with a €200,000 mortgage will save €329 annually, based on a 25-year term. EBS/Haven SVR customers will save €508 a year.
These cuts apply to both owner-occupier and buy-to-let mortgages.