I think you’ve answered your question yourself. If your investment horizon is 2 – 3 years, you are looking for a savings account that pays high interest. You have to make decision whether you intend to make a lump sum deposit or feed the money into a regular saver account. There are plenty of threads on AAM that identify and discuss such products. If your investment horizon is longer say 5+ years, you could consider putting some (or all) of the cash into one of the no-load euro-denominated index trackers also discussed on AAM.