Hi.
I just thought I'd ask here first before asking Rabo about my query.
I put €25,000 into a 5.25% Rabo fixed term deposit back in June and this has now matured. A couple of days ago, at the end of the term, they put the €25,000 back into my Rabo savings account along with €539.34 interest.
Acording to my calculations the interest should amount to approx. €656.25 which is the principle * 5.25% / 2. Is this too simplistic and am I missing something? I don't believe they have deducted DIRT at this point as there is no mention of tax and I assume this will be deducted from my deposit account overall on 31 December.
Thanks for any help
Edit
Upon closer examination of my account I see that the DIRT has in fact been deducted. Thanks
I also had one and took amoun was right and that they took off the dirt. Would anyone know if the interest rate is at the same rate if I took out a new one now?
Not if you go with Rabo. Rabo are no longer competitive with interest rates.
Are you looking for a 6 month term deposit? I think the best rate for 6 months is now 5.35% with Anglo Irish. ( Investec seem to have closed their offer)
had been a bit wary of anglo irish before - but now they have been bailed out would take it that they there is nothing to worry about now. will check out rates in new year