Hi
Myself and my husband are returning to ireland from Australia in the coming months. We have $160K saved in a 3.9% regular saver account here.
We are planning to use the funds as a deposit for a house in the next 12 months or so (depending on jobs, getting mortgage approval etc.).
I was hoping to get some opinions on whether we should leave the savings in Australia until we are ready to buy or is there a better option in Ireland, or elsewhere? We don't need access to teh money for at least 9 months and our key objective is to get as much of a return as possible with minimal risk. I have looked at some of the Term Deposits and other saving products available in Ireland but they don't look very appealing (with very low rates).
We have dual citizenship so I am also concerned regarding the tax implications.
Any suggestions would be much appreaciated. Thanks.
Myself and my husband are returning to ireland from Australia in the coming months. We have $160K saved in a 3.9% regular saver account here.
We are planning to use the funds as a deposit for a house in the next 12 months or so (depending on jobs, getting mortgage approval etc.).
I was hoping to get some opinions on whether we should leave the savings in Australia until we are ready to buy or is there a better option in Ireland, or elsewhere? We don't need access to teh money for at least 9 months and our key objective is to get as much of a return as possible with minimal risk. I have looked at some of the Term Deposits and other saving products available in Ireland but they don't look very appealing (with very low rates).
We have dual citizenship so I am also concerned regarding the tax implications.
Any suggestions would be much appreaciated. Thanks.