I think this point deserves its own thread to highlight its importance.
DIRT is going up to 41% from 1 January 2014.
This can be avoided by getting paid interest, within 30 days of account opening, for a term deposit that exists into the future.
In particular, the below accounts now look very attractive.
The above rates could drop at any stage (PTSB have not reviewed rates in a while). Also, as PTSB pay "within a month" of account opening stage, you would need to have the account opened at least a month before the new DIRT rates apply. In a nutshell, it might be worth acting fast.
DIRT is going up to 41% from 1 January 2014.
This can be avoided by getting paid interest, within 30 days of account opening, for a term deposit that exists into the future.
In particular, the below accounts now look very attractive.
Permanent TSB: Interest First Savings Account
- 6 months 2.18%
1 Year 2.45% **Highest 1 year rate**
1 Year 6 Months 2.50% **High Rate**
2 Years 2.50% **High Rate**
2 Year 2 Months 2.50% **High Rate**- Minimum: €10,000.
- This account pays interest within a month of opening the account.
- Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.
The above rates could drop at any stage (PTSB have not reviewed rates in a while). Also, as PTSB pay "within a month" of account opening stage, you would need to have the account opened at least a month before the new DIRT rates apply. In a nutshell, it might be worth acting fast.