Investing 20,000

[ditchhurler]

Irish Nationwide are offering a fixed term 6% AER over 6, 9 and 12 months. I'm trying to decide between investing €20,000 for 9 or 12 months.

Could somebody tell me if my calculations are right?

12 months (20000 x 6%)= 1200 and deduct 20% DIRT off (1200-240) = 960

For 9 months would you have 3/4 of 960 (720)?

 

[LDFerguson]

Calculations look right to me. Don't forget DIRT is going up by 3% in the New Year.

 

[ditchhurler]

Thanks