Interest Rates Banks

Written by Τάσος Sunday, 20 September 2009 15:59

An alias was made a bank deposit deadline. The gross rate was 1.9% (around 137E). The contract but there was a tax deposits 70E 7E + VAT (77E to taxes). The actual rate he was about 63E, just 0.95% net. Thus, the tax savings was about 50% and not 10%. If the tax was 10% real interest rate should be 1.71%. Question: Does the amount varies from bank to bank? If so is there a website that concentrated taxes deposits of banks? If not how is the tax instead of 10% is over 50%?

This is a comment on " Dictionary of banking terms "

Comments (1)

Tax savings

1 Sunday, 20 September 2009 16:49

Ο Τσιγκούνης

The deposit interest tax is 10%. This means that if the interest rate gives the bank is 1.9% then the net interest we get, after a year, calculated at 1.71%. Did he know early redemption; not justified 50% tax or VAT goes Interest on deposits.

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