We have been fortunate to have had two reasonably well paying jobs in the last ten years and have managed to save approx €20K per year. We now have €200K in savings and a mortgage of €120K. As we are on a ECB+0.5% tracker, we don't see any advantage to paying off our mortgage early.
The outlook for the coming ten years is not so good. I anticipate that for the next ten years we will live within our income but not save. We have one public sector job and one tenuous private sector job and we both have had paycuts etc in the last year. However, even if we do go down to just one income, we should still be able to live on what we earn as our child care bill will also be reduced.
Where should we invest/deposit €200K? I was considering the following would be a good low-risk bet by speading the amount between the following:
50K at 3.3% in Nationwide UK instant access (UK Guarantee)
75K at 4.7%(effect) in An Post 5.5 year certs (3.53%) (Irish Guarantee)
75K at 4.08% in Rabodirect 10 Year Fixed Term Deposit Account (AAA rating bank with Dutch Guarantee)
Is there a better strategy?
The outlook for the coming ten years is not so good. I anticipate that for the next ten years we will live within our income but not save. We have one public sector job and one tenuous private sector job and we both have had paycuts etc in the last year. However, even if we do go down to just one income, we should still be able to live on what we earn as our child care bill will also be reduced.
Where should we invest/deposit €200K? I was considering the following would be a good low-risk bet by speading the amount between the following:
50K at 3.3% in Nationwide UK instant access (UK Guarantee)
75K at 4.7%(effect) in An Post 5.5 year certs (3.53%) (Irish Guarantee)
75K at 4.08% in Rabodirect 10 Year Fixed Term Deposit Account (AAA rating bank with Dutch Guarantee)
Is there a better strategy?