Deposit interest rates rising again soon?

Going through the process at the moment. Filled in all the name/address, etc, but being left to wait a long time for the video identification. (continuing to do so) Annoying to say the least. Yes I have my tax clearance from revenue, etc and everything's above board. Just need to get a bit of decent interest for some money without hassle of setting up to buy funds from advisers, etc and all that's connected with that + all the commissions and everything else.
 
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ryaner said:
You should be able to get a credit against the dirt for the withholding tax. More details on https://www.raisin.ie/tax/
There is information there on how to reduce the withholding tax for Portugal too.
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Is there much advantage to reducing portuguese witholding tax from 28 to 15% if the witheld tax is credited back anyway by Revenue when you submit tax return?
 
noproblem said:
Going through the process at the moment. Filled in all the name/address, etc, but being left to wait a long time for the video identification. (continuing to do so) Annoying to say the least. Yes I have my tax clearance from revenue, etc and everything's above board. Just need to get a bit of decent interest for some money without hassle of setting up to buy funds from advisers, etc and all that's connected with that + all the commissions and everything else.
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It's a bit cumbersome but once you set up, whole process runs smoothly.
You get €100 free when you sign up too, just don't forget to apply for it 6 months after your first deposit. Some people forget about it.
 
Look ahead said:
It's a bit cumbersome but once you set up, whole process runs smoothly.
You get €100 free when you sign up too, just don't forget to apply for it 6 months after your first deposit. Some people forget about it.
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Have now gotten as far as taking a photo front and back of passport, now awaiting the identification specialist to come online. Grr!
 
Look ahead said:
You appear to be having great time :)
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Phew, you wouldn't believe it, just done. My wife has also completed hers. Good job we're retired. Now, I find out that AIB will only allow €10,000.00 per day transfers online. They say if I go into a branch in person with an IBAN and all details they will do the transfer. Thing is, where do I get the IBAN No? I've sent Raisin an email requesting some info, phoned them but that avenue cannot record any more calls so will await an email back from them. Can you tell me where I might get IBAN No, or can anyone else? Bloody hell, this is great fun but, hopefully well worth it in the end. For a sizeable deposit, there's thousands of Euro involved compared to what you'll get in Ireland.

Oh, anyone heard of a PRSI top up on all interest as well as Dirt each year that revenue has imposed on the interest earned from foreign bank deposits?
 
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ClubMan said:
Did you read the FAQs? :confused:
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Yes, I've done so now and don't blame you for being frustrated with me. I can be a numpty at times. Going to have to go in person to my bank and I'll have my IBAN with me once the account is opened. I'll then transfer the funds. Thanks everyone here for the time and advice.
 
noproblem said:
Thank you ClubMan.
Do I take it that Raisin a/c is like a wallet where I transfer the money into Raisin a/c first and then choose a deposit account to move it from there?
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Yes thats how I understand it to work.
 
CuriousCork said:
Irish banks are a joke for deposits. We have moved cash to a French bank, who pay about 1.5%. It is in the Eurzone, so no exchange risk.

Your savings and investments - Crédit Mutuel

www.creditmutuel.fr www.creditmutuel.fr
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Irish banks now form an oligopoly. Since oligopolies are inherently anti-competitive and exploitative banks should be regulated accordingly. A regulator should set ceilings on charges & interest rates for mortgages and loans and floors for interest paid on deposits.
 
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noproblem said:
Thank you ClubMan.
Do I take it that Raisin a/c is like a wallet where I transfer the money into Raisin a/c first and then choose a deposit account to move it from there?
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That's correct.

I remember having to go into permanent tsb Bank to do the transfer as it was large amount. You will also have to wait for your password to arrive by post. Not sure if this practise has changed now.
Once transfer is done, your money will simple disappear for day or two while it's been transferred to the partner bank. So dont fret if you can't see it online!
 
noproblem said:
Yes, I've done so now and don't blame you for being frustrated with me. I can be a numpty at times. Going to have to go in person to my bank and I'll have my IBAN with me once the account is opened. I'll then transfer the funds. Thanks everyone here for the time and advice.
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You will also need to take your passport with you.
 
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