See here: http://www.askaboutmoney.com/showthread.php?t=102329
and see here: [broken link removed]
The PTSB online account pays 2.5%. The PTSB accounts for 0-19 year olds pay 3.0%.
where do you see them offering 2.5%? As per their website the closest to a demand deposit i can see is their SIGNATURE DEPOSIT on call variable ac -which has a rate of 1.25% Gross
www[dot]permanenttsb[dot]ie/media/permanenttsb/pdfdocuments/depositrates/permanent-tsb-Deposit-Interest-Rates.pdf
Is this not a big gamble that PTSB are taking in assuming that most NR customers will now leave their cash with them.
Depends on the contract. The transfer has not yet taken place. The price that IL&P pay to the UK government may be determined by deposits held as at transfer date that is in the future.
Also, the agreement is subject to DoF/NTMA approval. This may not prove to be a formality.
Has nothing to do with that. Banks all over Europe are getting State support. Banks have no interest in foreign markets. End of story. I work for one and recently tried to get an allocation of capital to the operation here to expand a business line for domestic lending into Irish and UK companies because margins were becoming very attractive. I was laughed at by the CFO. I don't think our financial institution will last past 2012 in Ireland and it has nothing to do with not being able to compete with the Irish banks. It has everything to do with the allocation of capital and risk returns.
There are no French, German, UK banks looking to come into a Country with 14% unemployment, a dysfunctional property market and in the midst of a fiscal crisis.
HA !! If the government ever has to pay out on 100 billion EUR in deposits in all irish banks you will never see your money.
Hmmm either way looks like NR are going to pull out, there's hardly any chance they would stay now if this deal goes pear shape, is there!
Applied last Thursday to close my NR account. All finalised to-day very efficiently. Now to find a new safe home for my money.
Do they pay interest up to date when you close your account ?
Got my interest certificate quickly as well as my accrued money on my reference account. Thank you NR! Great until the very end!
Another NR saver bites the dust. I wonder if IL&P misunderstood and/or miscalculated the main reason why people have deposits with NR. Perceived Safety.
2) have problems with the interest certificate by the end of the financial year
whats the interest cert for?
DIRT declaration.
i didnt think you needed to declare you paid DIRT as its deducted at source?
You do.
You need to declare deposit interest even if you paid DIRT. You will get a credit for the DIRT paid if you have other income that covers the DIRT tax credit, if you don't have income to cover it you will have to pay income tax rates on your deposit income.
run this by me again?? So if i receive interest income, I have to declare it?
I thought that was only when the interest income was your only/main source of income?
And i can get a credit for the dirt tax paid too if other income covers it? what kinds of income?
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