Saving for your Home

Savings Calculator Definitions and Assumptions

The above calculation is based on a set of assumptions (see below) and is intended to provide you with a guide as to the potential gross interest return that may be applicable. The actual return that you receive may vary from this calculation where your account does not operate as per these assumptions.

• Deposit Interest Retention Tax (DIRT) - Gross return interest is subject to Deposit Interest Retention Tax (DIRT) where applicable -the DIRT rate is subject to change.
• For lump sum deposits the calculation assumes the lump sum entered above is invested for the full fixed term period or a full year (365 days), as appropriate to the account type.
• For regular savings the calculation assumes monthly lodgements as entered above are made on the first day of each month and for the same amount. A month is defined for the calculation as a calendar month.
• The Gross Return Interest will vary from the calculation displayed where one (or more) of the lodgements is a cheque lodgement, or an additional cash lodgement(s) is made to, or a withdrawal(s) is deducted from the account balance.
• For variable interest rate accounts - it is assumed for the calculation that the gross interest rate remains unchanged during the full year.
• All gross rates quoted are available for accounts opened today, but are subject to change.
• For more information on different rates and tiers available, please click the Info & Apply button for each account or take a look at our Deposit Interest Rates sheet here.
• Maximum lodgements permitted - You can lodge a maximum of €1,000 per month to the 21 Day Notice and Online Regular Saver account types. Please note that the calculator above will allow you to enter more than the maximum allowed per account per month for display purposes only, this may not reflect the actual lodgements permitted and possible Interest earned.

* Annual Equivalent Rate (AER) illustrates what the interest would be if interest was paid and compounded each year. Our AER calculation assumes that the account is held for a year and that the interest rate remains constant.

** Gross Return Interest is calculated daily and payable at the end of the term for a fixed term deposit account or annually at the relevant interest payment date for a demand/ notice variable rate account. The interest payable assumes that the lump sum is invested for the full fixed term period or a full year (365 days), as appropriate to the account type.