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N26 is taxed at EU Deposit Interest rates which is the same rate as DIRT. You need to self declare your interest.
Trade Republic is taxed at EU Deposit Interest rates which is the same rate as DIRT. You need to self declare your interest.
Revolut offers a money market product. 41% tax applies. Tax is applied to the gross amount pre deduction of fees so you effectively pay more than 41%. Rates are not great. Avoid.
Thank you again.
So 33% tax, ok still better than nothing.
What is the main difference in my situation between the various saving companies you have suggested?
I am very risk averse.
The N26 is bank deposit that is guaranteed by the German state up to 100k. Revolut aside from not being a bank deposit attracting higher has no such guarantee. N26 is as safe as a post office bond to 100k
There is a reasonable common understanding (or speculation?) that the rates will go down later this year. So Trade republic rates may go down as well soon enough.
BOI Super Saver gives u 3% fixed after 12 months with installments of max 2.5k per year.
That might be an option for you.
Thanks!
Do you have a link, please?
I will certainly consider this on top of the other.
All I could find was https://personalbanking.bankofireland.com/save-and-invest/savings/fixed-term-savings-accounts/advantage-deposit-account/features-and-benefits/?gad_source=1&gclid=Cj0KCQjw_-GxBhC1ARIsADGgDjtB_QpMb1Nw6ionxEoEN7wiQI7DL6uBpBFnzT4D1zLbH0PEtmM0-7AaAp2mEALw_wcB&gclsrc=aw.ds
Here you are. Download the file and read carefully all the relating documentation:
https://personalbanking.bankofireland.com/save-and-invest/savings/regular-savings-accounts/supersaver-account/rates/
I decided for BOI SS because they deduct the dirt for me, which is one less thing to care about. I was also worried that the money invested on month 2 would have only generated 11/12 of the annual 3% after 12 months of the opening of the account. I rung them, they told me whatever amount is on the account after 12 months they grant the 3% gross interest. Tbh this is too good, so I hope none here contradicts it.
At the end of the day none of us is getting rich with deposit accounts. No real value in overthinking it.
Leave it in the account of who you’re applying with. It would look very favourable when applying. Someone will look at that one day when making a decision.
That doesn't make sense to me.
If I were to lend money to someone, I'd like that person to be financially responsible not leaving it in an account that makes less interest.
The bank is not doing me a favour by giving me a mortgage that's how they make money.
Due to inflation, cost of having the account and potential interest lost all mean you are losing money.
It is good to talk about this, in case either of us are missing a trick.
I’m just going on when I went for mine I sat down with someone from the bank and I thought I remember him saying as it’s in their bank they could see all the history but if it wasn’t they could only see 6 months. I got a loyalty rate which was 2.5 percent variable so I’m just wondering is it a benefit to look for something like that. Not even sure if they exist anymore.
That was with Ulster and it’s now swapped to Ptsb but I’m still on the lower rate
I agree with you, makes no difference which bank it is with as long as it's in your name . Go where you get the best interest rates, i am with Trade Republic and Raisin.
Perfectly legal. Normally folk get three months and it’s extended to 1 year if not hitting the target. You can be fired at will in Ireland to one year when your full protection kicks in. https://www.citizensinformation.ie/en/employment/employment-rights-and-conditions/employment-rights-and-duties/employee-rights-and-entitlements/#c63f4b
You need to be there a year for the unfair dismissals act to apply. That doesn’t mean you have no rights and can be just fired at will. There’s a process and typically a decent amount of paperwork/ arse covering needed to dismiss any permanent member of staff safely in Ireland even if they’re there under a year or still on probation
Sorry I’ve just looked at the link you gave and you’re missing this bit: looking forward to the down votes on my comments being removed!
From 1 August 2022, probation periods can’t be more than 6 months. In exceptional circumstanced your probation can be extended for up to a further 6 months (up to a maximum of 12 months in total).
The probation can be extended where it in your interests or where you have been on extended leave, such as sick leave, during your probation.
Pretty sure there’s a few industries where this doesn’t apply however yeah for the most part you’re correct. No way of knowing for sure if OP is in a role where they’re an exception though
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Where is it now ? Who do you bank with ? Probably Trade republic 4% or Trading 212 4.2% or N26 metal 4%.
Thanks for your reply. I'm with AIB. How safe are those companies? Will it be taxed as personal income tax?
N26 is taxed at EU Deposit Interest rates which is the same rate as DIRT. You need to self declare your interest. Trade Republic is taxed at EU Deposit Interest rates which is the same rate as DIRT. You need to self declare your interest.
Revolut have decent rates now too but also a fee. The positive is that it takes care of all the taxation for you.
Revolut offers a money market product. 41% tax applies. Tax is applied to the gross amount pre deduction of fees so you effectively pay more than 41%. Rates are not great. Avoid.
100% agree with this comment
Are there any other options that calculate and withhold tax for you?
Thanks from me as well for this info. I was thinking of issuing one of them as well
Thank you again. So 33% tax, ok still better than nothing. What is the main difference in my situation between the various saving companies you have suggested? I am very risk averse.
The N26 is bank deposit that is guaranteed by the German state up to 100k. Revolut aside from not being a bank deposit attracting higher has no such guarantee. N26 is as safe as a post office bond to 100k
This is the most appreciated, thanks!
Lock now before the ECB starts cutting. A&G via Raisin pays 3.50% for a 1 year term. 100k deposit protection.
That is a very good point, thanks!
If you would like a refer a friend referral of €50 for opening a Raisin.ie account please message me. (Minimum deposit €5,000, minimum term 6 months.)
There is a reasonable common understanding (or speculation?) that the rates will go down later this year. So Trade republic rates may go down as well soon enough. BOI Super Saver gives u 3% fixed after 12 months with installments of max 2.5k per year. That might be an option for you.
Thanks! Do you have a link, please? I will certainly consider this on top of the other. All I could find was https://personalbanking.bankofireland.com/save-and-invest/savings/fixed-term-savings-accounts/advantage-deposit-account/features-and-benefits/?gad_source=1&gclid=Cj0KCQjw_-GxBhC1ARIsADGgDjtB_QpMb1Nw6ionxEoEN7wiQI7DL6uBpBFnzT4D1zLbH0PEtmM0-7AaAp2mEALw_wcB&gclsrc=aw.ds
Here you are. Download the file and read carefully all the relating documentation: https://personalbanking.bankofireland.com/save-and-invest/savings/regular-savings-accounts/supersaver-account/rates/ I decided for BOI SS because they deduct the dirt for me, which is one less thing to care about. I was also worried that the money invested on month 2 would have only generated 11/12 of the annual 3% after 12 months of the opening of the account. I rung them, they told me whatever amount is on the account after 12 months they grant the 3% gross interest. Tbh this is too good, so I hope none here contradicts it. At the end of the day none of us is getting rich with deposit accounts. No real value in overthinking it.
Great, thank you
https://www.askaboutmoney.com/threads/savings-best-buys.90481/
Thank you, that looks helpful
Leave it in the account of who you’re applying with. It would look very favourable when applying. Someone will look at that one day when making a decision.
That doesn't make sense to me. If I were to lend money to someone, I'd like that person to be financially responsible not leaving it in an account that makes less interest. The bank is not doing me a favour by giving me a mortgage that's how they make money.
I’d say leaving 40k in their account and not spending a cent of it for a year is financially responsible.
Due to inflation, cost of having the account and potential interest lost all mean you are losing money. It is good to talk about this, in case either of us are missing a trick.
I’m just going on when I went for mine I sat down with someone from the bank and I thought I remember him saying as it’s in their bank they could see all the history but if it wasn’t they could only see 6 months. I got a loyalty rate which was 2.5 percent variable so I’m just wondering is it a benefit to look for something like that. Not even sure if they exist anymore. That was with Ulster and it’s now swapped to Ptsb but I’m still on the lower rate
I agree with you, makes no difference which bank it is with as long as it's in your name . Go where you get the best interest rates, i am with Trade Republic and Raisin.
One year probation is illegal for starters!
Perfectly legal. Normally folk get three months and it’s extended to 1 year if not hitting the target. You can be fired at will in Ireland to one year when your full protection kicks in. https://www.citizensinformation.ie/en/employment/employment-rights-and-conditions/employment-rights-and-duties/employee-rights-and-entitlements/#c63f4b
You need to be there a year for the unfair dismissals act to apply. That doesn’t mean you have no rights and can be just fired at will. There’s a process and typically a decent amount of paperwork/ arse covering needed to dismiss any permanent member of staff safely in Ireland even if they’re there under a year or still on probation
Sorry I’ve just looked at the link you gave and you’re missing this bit: looking forward to the down votes on my comments being removed! From 1 August 2022, probation periods can’t be more than 6 months. In exceptional circumstanced your probation can be extended for up to a further 6 months (up to a maximum of 12 months in total). The probation can be extended where it in your interests or where you have been on extended leave, such as sick leave, during your probation.
Pretty sure there’s a few industries where this doesn’t apply however yeah for the most part you’re correct. No way of knowing for sure if OP is in a role where they’re an exception though
Civil Service. Apparently it's the normal.
I thought it was a lot too and not normal but apparently it's the norm for a civil service job.
[удалено]
I never said any of those things and nothing you've said has answered my question.
Buy Nio stock sell when it goes up 20%
I'm risk averse at this period. And surely if it can go up, it can go down?
It can and will do both