€3,000 for 3 years, best option?

[badgambler]

I have €3k (kids money) that I want to put on mid-long term deposit/fund. What's my best secure option. I'd like 5% PA minimum

 

[badgambler]

Or should I look at 1 high yield share. Take the div and hope for capital growth...

 

[CCOVICH]

The share option would still be risky IMHO, high yield/blue chip or not.

 

[kilomike]

If you are a bad gambler Rabo Direct @ 5% pa might be a good (safe)option.

 

[Marianne S]

Why not look into an post savings certificates, after three years you get 8% interest and it's DIRT free. Have a look on the website www.anpost.ie and click on the personal customers tab

 

[liteweight]

Rabo at 5% per annum is a much better option than An Post's 8% spread over three years.

 

[ClubMan]

An Post rates are pretty poor these days even if they are fixed, state guaranteed and tax free. 8% over 3 years is a mere 2.6% CAR or the equivalent of 3.25% gross CAR on an account subject to DIRT. Check out the best buys forum linked by CCOVICH above for much better deposit rates.

 

[mazie]

the ango irish bank gives 4.25% each year!!! this is a very good safe option

 

[ClubMan]

There are better rates than that on offer at the moment. See the financial best buys forum linked by CCOVICH above.