Interest credit
Paid out to your Raisin Account annually on anniversary of the deposit’s opening (or next business day)
Good news, TF Bank AB (publ) has informed us about an upcoming interest rate increase on its demand deposit account. As of 24.03.2026, the new interest rate of 2,07 % will apply.
| 3 months | 2.12 % |
| 6 months | 2.17 % |
| 1 year | 2.21 % |
| 1.5 years | 2.25 % |
| 2 years | 2.37 % |
| 3 years | 2.34 % |
| Amount | €10,000 - €100,000 |
| Tax (Italy) | No Witholding Tax |
| Tax (Ireland) | Depositor responsible for declaring/paying DIRT to Revenue |
What? Are you certain?I am presently withdrawing all funds from Raisin, for this reason: Interest earned on Raisin products is taxed at our marginal rate(40%)plus prsi plus usc, whereas Interest earned with main banks is taxed at 33% DIRT only. I realise deposit rates are lower with our banks but overall it may not be worth it.
That’s not correct. It’s taxed at 33%.
Raisin term deposit rates are gradually increasing
Would you happen to know whether DIRT tax must be paid on an annual basis for an account where the interest is paid out only at the end of the term? I mean, in the annual statement from Raisin, will interest be shown as accruing year on year and thus liable for DIRT, even though you only benefit from the interest right at the end?The Badenia offer is interesting. As well as competitive rates, (e.g. 3.15% over 10 years and 2.84% over 5 years among others) if I am reading the terms correctly, the interest is paid out annually, not grossed up. This could be attractive to some.
My Raisin statement will only show an interest payment when it actually happens - so you take out a 2 year account today, interest will be paid in 2028, you only need to include it in your 2028 tax return.Would you happen to know whether DIRT tax must be paid on an annual basis for an account where the interest is paid out only at the end of the term? I mean, in the annual statement from Raisin, will interest be shown as accruing year on year and thus liable for DIRT, even though you only benefit from the interest right at the end?
That's what I was thinking alright. It makes sense of course. Thank you.Tax is due for the year you actually receive the interest money
Yeah but if you have a 2-year deposit with AIB, they pay the interest annually, but you can't access it. Which means it is not really the receipts basis. But AIB deduct the DIRT from the amount credited to the account.Some of the banks pay interest annually even on a multi-year fixed term deposit. Tax is due for the year you actually receive the interest money
I am speaking about raisin as this is a raisin thread and DIRT is directly payable by the saver. With AIB, BOI etc, its not.Yeah but if you have a 2-year deposit with AIB, they pay the interest annually, but you can't access it. Which means it is not really the receipts basis. But AIB deduct the DIRT from the amount credited to the account.
Yes I take your point and I may have digressed but I think it's an interesting timing question generally, for example, with regard to PRSI that might be due. It appears that PRSI may be due on interest credited by AIB annually, which the customer cannot access until the end of the multi-year term. The bank indicates as part of the DIRT return that the customer has received the interest, but it's actually locked away.I am speaking about raisin as this is a raisin thread and DIRT is directly payable by the saver. With AIB, BOI etc, its not.
The fact you can't access the interest until the end of the term with some banks is a bank policy issue and not tax-related in any way