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Post SSIA savings a/c question.

dakan · 2007-04-23 19:57:12

Hi Folks I have been reading in that new Eddie Hobbs money magazine, the idea about dividing your SSIA money between the four main post SSIA savings a/cs i.e Halifax 6.65% and AIB 6.6% etc. For those of you that haven't heard about this, the idea is that you divide your SSIA money amongst the four a/cs to get the benefit…

23-04-2007 08:57PM

#1

dakan

Registered Users, Registered Users 2 Posts: 232 ✭✭

Join Date: February 2006

Posts: 137

Hi Folks

I have been reading in that new Eddie Hobbs money magazine, the idea about dividing your SSIA money between the four main post SSIA savings a/cs i.e Halifax 6.65% and AIB 6.6% etc.

For those of you that haven't heard about this, the idea is that you divide your SSIA money amongst the four a/cs to get the benefit of the high interest rates. As the first one expires and the special interest rate is reduced to a lower rate, you take the money out and divide it amongst the other three. And so on till you have all your money in the last one.

The query I have is regarding DIRT tax and inflation. Do people think that these two things will negate and benefit you get from the interest? Is it possible you could end up loosing spending power because of inflation?

Any advice on this is appreciated.

Kind Regards
Dakan

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