I will be visiting a family member in New Zealand this summer & am considering setting up a Term Deposit account with ANZ New Zealand. Current Interest Rate is 8.8%. According to ANZ my tax liabilities will be 10% in New Zealand & according to Revenue Ireland I will be liable to DIRT at 20%. Even at this, the return is quite attractive. Does anyone have any experience with operating a similar arrangement & are there any other costs (apart from travel) that should be factored in?