Regular savings best rate.

tom1ie

Registered User
Messages
126
Hi all
Apologies if this is the wrong thread.
I am going to be saving approx €100 a week that I can have locked away for a long time. 10 years. I don’t necessarily need instant access to this either, I’m looking at it as more of a future investment.
I’m just wondering is there a product out there that allows you to save weekly but pays a relatively good interest rate? (I know interest rates are low at the moment)
Are state savings bonds the way to go?
Thanks all.
 
Just looking for a bit of advice on this situation.
My wife gets a yearly bonus in work that she can cash in and pay tax on, or take as stocks, but doesn’t pay tax on the value if she keeps it as stocks for 3 years. Tax would be owed on any profit the stocks could make or obviously we could loose if the stock price falls.
She can also buy extra stocks to the value of the bonus and have that money taken out of her gross salary every month for 9 months. Eg if her bonus was 5000 that’d be divided over 9 months which is 555 per month that’d be taken off her gross figure.
Now, She can’t afford to have 555 taken off her gross but I want to invest some money and could afford to give her 280 a month from my wages, which would be roughly the same as what she would be missing from her wage after tax.
Is this an efficient way to save/ invest our money. The 555 a month wouldn’t be liable for tax after 3 years so am I pretty much getting tax back on my investment after 3 years, if you can follow me?
Sorry for the complicated post! Feel free to move it to a different section or even point in the right direction if I’m in the wrong forum. Again!
Many thanks.
 
OP has posted lots of valuable posts in his experience switching mortgage providers, so I assume he has one.
 
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