Best account for €20/30k ?

nelly

Registered User
Messages
521
Hi All,
A friend came to me for advice and asked me to post. He has €20k sitting in a CU account earning very little interest - he is trying to save for a deposit but realistically him buying a house is a long way off. He also has an SSIA coming up to maturity and will be saving €10 of that. What else could he do with it now that he is not even touching it just trying to amass a larger lump? What is the best account he could lodge it into for maybe 5+ years where he can add to it maybe once a year? He is not too interested in share based products.
Thanks for your help.
 
See the for details of the best lump sum and regular saver deposit rates on offer. Note that keeping large amounts of money on deposit for the medium/long term is not a great idea due to the eroding effects of inflation on after DIRT tax returns.
 
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