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An Post Deposit Account Plus query

  • 22-09-2011 3:15pm
    #1
    Zipppy
    Registered Users, Registered Users 2 Posts: 2,055 ✭✭✭


    Hi

    Does anyone know if interest is only paid at year end on Deposit Account Plus with an post?
    I have a substancial amount invested .. and am considering withdrawing all shortly with 30 days notice...I'm wondering what will happen to my interest? Will I loose it, will it be paid now for the 9 months (jan-sept) or will account be left open and interest applied at end of year??

    Cheers


Comments

  • #2
    chasm
    Registered Users, Registered Users 2 Posts: 2,124 ✭✭✭chasm


    Hi,
    i closed my deposit account plus a/c recently, the interest is paid annually, but is calculated on a daily basis. If you decide to close it now you will be paid the interest already earned. There is a section on the form which you have to fill in to close the a/c that asks if you would like to allow the a/c to go to the end of the month to receive the full interest for that month.

    Info here:
    http://www.statesavings.ie/products/Pages/DepositAccountPlus.aspx

    You can print off the form to close the a/c here (repayment)
    http://www.statesavings.ie/Pages/Forms.aspx


  • #3
    Zipppy
    Registered Users, Registered Users 2 Posts: 2,055 ✭✭✭Zipppy


    chasm wrote: »
    Hi,
    i closed my deposit account plus a/c recently, the interest is paid annually, but is calculated on a daily basis. If you decide to close it now you will be paid the interest already earned. There is a section on the form which you have to fill in to close the a/c that asks if you would like to allow the a/c to go to the end of the month to receive the full interest for that month.

    Info here:
    http://www.statesavings.ie/products/Pages/DepositAccountPlus.aspx

    You can print off the form to close the a/c here (repayment)
    http://www.statesavings.ie/Pages/Forms.aspx


    Thanks for that :)


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