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Calculating E.A.R

rob555mark · 2010-12-07 16:54:42

Hi, I have recently opened a savings account with 3.5% E.A.R but can anyone tell me roughly what I could expect to gain on a balance of €4500 to €4800 every year, I think I would have to pay 25% to the government? I tried online calculators but no luck!

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07-12-2010 5:54pm

#1

rob555mark

Registered Users Posts: 73 ✭✭

Join Date: July 2010

Posts: 51

Hi, I have recently opened a savings account with 3.5% E.A.R but can anyone tell me roughly what I could expect to gain on a balance of €4500 to €4800 every year, I think I would have to pay 25% to the government? I tried online calculators but no luck!

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#2 07-12-2010 5:57pm
Victor

Registered Users Posts: 78,400 ✭✭✭✭

Join Date: December 2000

Posts: 68763

€4,500x0.035x(1-.25)=€118

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#3 07-12-2010 6:03pm
rob555mark

Registered Users Posts: 73 ✭✭

Join Date: July 2010

Posts: 51

Woo, that was quick, I was going to check back later tonight;)

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#4 07-12-2010 8:20pm
Kennie1

Registered Users Posts: 302 ✭✭

Join Date: February 2010

Posts: 297

Victor wrote: »

€4,500x0.035x(1-.25)=€118

Now its 27% DIRT Thanks FF!

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