A A11 Registered User Messages 37 10 Mar 2012 #1 What does gross% and gross return% mean on a fixed term deposit? The gross return% amount is way lower than the gross%.
What does gross% and gross return% mean on a fixed term deposit? The gross return% amount is way lower than the gross%.
Brendan Burgess Founder Messages 53,768 10 Mar 2012 #2 Can you give an example? It could be that that the gross percentage refers to the total return over the period whereas the gross return is the annual rate. For a two year fixed term deposit Gross return/Compound annual rate = 3% But the Gross percentage would be 6.09% Brendan
Can you give an example? It could be that that the gross percentage refers to the total return over the period whereas the gross return is the annual rate. For a two year fixed term deposit Gross return/Compound annual rate = 3% But the Gross percentage would be 6.09% Brendan
L Lightning Registered User Messages 5,509 10 Mar 2012 #3 A11 said: What does gross% and gross return% mean on a fixed term deposit? The gross return% amount is way lower than the gross%. Click to expand... Which banks and which product are you looking at? One should focus on the AER rate when comparing deposit products.
A11 said: What does gross% and gross return% mean on a fixed term deposit? The gross return% amount is way lower than the gross%. Click to expand... Which banks and which product are you looking at? One should focus on the AER rate when comparing deposit products.
A A11 Registered User Messages 37 11 Mar 2012 #4 Which banks and which product are you looking at? Click to expand... Permanent TSB - fixed term deposit (for 2 months): gross= 3.5%, gross return= 0.58%, aer= 3.55%.
Which banks and which product are you looking at? Click to expand... Permanent TSB - fixed term deposit (for 2 months): gross= 3.5%, gross return= 0.58%, aer= 3.55%.
L Lightning Registered User Messages 5,509 11 Mar 2012 #5 A11 said: Permanent TSB - fixed term deposit (for 2 months): gross= 3.5%, gross return= 0.58%, aer= 3.55%. Click to expand... The gross return is the return you will get after the 2 month period before the reduction of DIRT. There is a difference between 'PTSB gross' and the AER due to the fact that one is using a 360 day count and one is using a 365 day count.
A11 said: Permanent TSB - fixed term deposit (for 2 months): gross= 3.5%, gross return= 0.58%, aer= 3.55%. Click to expand... The gross return is the return you will get after the 2 month period before the reduction of DIRT. There is a difference between 'PTSB gross' and the AER due to the fact that one is using a 360 day count and one is using a 365 day count.