Investments

Interest Rates                                                             

Bank Deposits(sample “best” December 2012)
 Demand Deposit            3.25% (Gross) AER
Notice Account (30 Day) 3.0% (Gross) AER
Term(12 month fixed)       3.3%(Gross) AER
 

 

An Post
 Savings Bonds (3 years) 3.23% AER (tax free)
National Solidarity Bond (4 years ) 3.56% AER (gross, some tax payable) 

Saving Certificates (5 yrs 6 mths) 3.53% AER (tax free)

 

 

 

Compound Interest Effect

After Future Value of €1,000 
á at 3% pa á at 5% pa

1 yr

€1,030

€1,050

2 yrs

€1,061

€1,103

3 yrs

€1,093

€1,158

4 yrs

€1,126

€1,216

5 yrs

€1,159

€1,276

10 yrs

€1,344

€1,629

15 yrs

€1,558

€2,079

20 yrs

€1,806

€2,653

 

Inflation Effect

After Real Value of €1,000 today 
Inflation @ 3% pa Inflation @ 5% pa

1 yr

€971

€952

2 yrs

€943

€907

3 yrs

€915

€864

4 yrs

€888

€823

5 yrs

€863

€784

10 yrs

€744

€614

15 yrs

€642

€481

20 yrs

€554

€377

 

Life Expectancies *

Can be used to highlight potential long term income needs for an individual (single life) or in the case of a couple the joint life last survivor table shows the expected average period until the death of two people (male and female) both the same age now.

Single Life

Current Age

Males

Females

Years

50

38.7

40.7

55

33.7

35.5

60

28.6

30.4

65

23.8

25.3

70

19.0

20.4

75

14.7

15.8

80

10.6

11.6

 

Joint Life Last Survivor

Current Ages

(Male/Female)

Yrs

50

46.4

55

40.9

60

35.4

65

30.0

70

24.6

75

19.6

80

14.8

*Source: Irish Life Assurance plc.

Based on annuitant mortality experience.

 

 

 

Disclaimer: Eamon Porter trading as Aspire Wealth Management accepts no responsibility for any of the information contained herein. The information listed above was correct at the time of preparation (February 2013), and is based  on the Budget 2013 Statement – January 2013.

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