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Short term deposits

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  • 01-12-2009 11:25am
    #1
    Boom Boom
    Registered Users Posts: 240 ✭✭


    Hi there,

    Just trying to do an exercise for a client to show them how much they could earn putting some spare capital on short term deposit but cant remember for the life of me how to work it out. Been so long since clients had spare capital.

    is it the following;

    1,000,000 on two week at a base 1 +39 points =

    1,000,000 X 1.39% =

    13,900 divided by 365 multiplied by 14

    = 533.15

    is that right
    thanks


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  • Options
    #2
    Long Onion
    Closed Accounts Posts: 1,342 ✭✭✭Long Onion


    Boom Boom wrote: »
    Hi there,

    Just trying to do an exercise for a client to show them how much they could earn putting some spare capital on short term deposit but cant remember for the life of me how to work it out. Been so long since clients had spare capital.

    is it the following;

    1,000,000 on two week at a base 1 +39 points =

    1,000,000 X .0139 =

    13,900 divided by 365 multiplied by 14

    = 533.15

    - 25% DIRT

    = €399.86

    is that right
    thanks

    Should be able to do a bit better than 1.39% methinks - 2.8% currently available on demand from Anglo


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