10-year Irish government bonds are now yielding around 2.2%
Interest payments on Government bonds are subject to income tax but there’s no CGT on capital gains.Is that tax free?
Give us a link to all of those banks and rates please?Will savings interest rates go up in 2022 Ireland?
ECB rates will be rising again in 2022 – so we expect some small increases in deposit rates over the coming months. You can get interest rates at online banks in Europe that are as much as 200 times bigger than the tiny 0.01% offered by the main banks in Ireland.
And also the characteristics of such accounts... E.g. demand, notice, fixed term, lump sum, regular saver, min/max balance, etc. I can't imagine that there are too many banks offering 2% gross on deposits/savings (and I'm discounting UK/£ accounts for obvious reasons).Give us a link to all of those banks and rates please?
Anyone hear anything as yet?Agree - I think going back to the 19% after 10 years level (at most) they had for quite a while, is more realistic by year end.
Not so much as a whisper. My advice is, believe nothing unless you hear it from me first and you might be waiting a whileAnyone hear anything as yet?
You can find 2% on Raisin.ie. 2yr Fixed term. 3% for 5 years. Both are with a French bankAnd also the characteristics of such accounts... E.g. demand, notice, fixed term, lump sum, regular saver, min/max balance, etc. I can't imagine that there are too many banks offering 2% gross on deposits/savings (and I'm discounting UK/£ accounts for obvious reasons).
What's the tax treatment in that case?You can find 2% on Raisin.ie. 2yr Fixed term. 3% for 5 years. Both are with a French bank
There's a referral bonus of €50 if you're interested.
Some banks deduct Witholding Tax at their domestic rate, if you supply Tax Residency Certificate, they refund it. Others don't. You make a declaration to revenue in your tax returnWhat's the tax treatment in that case?
Is it taxed as income or dirt?Some banks deduct Witholding Tax at their domestic rate, if you supply Tax Residency Certificate, they refund it. Others don't. You make a declaration to revenue in your tax return
DIRT as far as I know.Is it taxed as income or dirt?
Surely if the ECB hike rates again tomorrow deposit rates will have to start moving up?Not so much as a whisper. My advice is, believe nothing unless you hear it from me first and you might be waiting a while
Why would you think that?Surely if the ECB hike rates again tomorrow deposit rates will have to start moving up?
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