Myself and My OH have recently come into money - €100k to be exact and we want to save it. I want to put it in the An Post Savings Certificates but OH is unsure if these are good (with regards to interest) or if they are secure. Can anyone shed any light on this? My OH is worried that the money will be tied up for 5.5 years, perhaps OH would want something on a year to year basis but with little hassle, has anyone any recommendations??
Savings Certs are your best option by a long shot for medium-term investment. Have a look at the Best Buys section. Remember wit An Post you do not pay DIRT.
I know absolutely nothing about savings (cos I never have any) but we were lucky to get this lump sum.
If I put in €100K into the Saving Bonds for 3 years - how much would I get back at the end of the 3 years approx?
If I put the €100K into the Savings Certs for 5.5 years - how much would I get back at the end of the term?
I don't know how to calculate it out myself.