Hoping somebody can help me. I have 60,000 maturing on a 6 month deposit @ rate of 1.6%. Bank has calculated interest less DIRT of about 280 euro. Am I being thick but 1.6% of above = 960 euro less 393.60 (41%) = 566.40.
I asked how they came to their calculation and bank official going on about rate being calculated on a daily basis, yada yah, blah, blah.
Are my calculations incorrect? I am going back tomorrow as I didnt have time to argue with her today.
I asked how they came to their calculation and bank official going on about rate being calculated on a daily basis, yada yah, blah, blah.
Are my calculations incorrect? I am going back tomorrow as I didnt have time to argue with her today.