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That's going to be difficult while CPI inflation is c. 5% (albeit HICP inflation is nearer 2% as far as I know and arguably more relevant to somebody without a mortgage) and the best deposit lump sum accounts are offering c. 5%+ gross or 4% net.Hoping to at least keep ahead of inflation for a year!
There may be no option than to do this in order to maximise deposit interest returns.I see most of the halifax, FA etc. lump sum a/c's have greatly reduced interest rates above 10k -20k... Other than opening 10 different accounts
INBS FlexiSaver 21 (21 day notice) issue 2 was offering 5% on large (c. €100K) sums but it may be closed for new business?does anyone know is there any of the banks that has a decent interest rate for larger lump sums??
FlexiSaver 21 Issue 2 5% on balances over €100K is still available. This is a variable rate. The 5.1% rate on sums of €20K+ is a one year fixed term rate. See [broken link removed].I think you're right about the inbs rate finishing up. At least no sign on their site
Minor point - only after you have held them for at least three months.With savings bonds you also have the possibility of getting nothing,but at least you can cash them in if you wish.
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