It would be a personal choice. The bottom line on all these State products is to leave the money there until maturity date. The product with the longer life obviously has the greater return. However, one must always bear in mind the consequences should one need to withdraw before maturity. For example, saving certificates pay interest half-yearly. Saving bonds pay interest yearly. Interest on solidarity bonds is pathetic if withdrawal early is necessary. Yes, like you, I tend to favour saving certificates. After 3 years the difference between bonds and certs isn't much, interest is added every 6 months and the 5.5 year term is viewed as middle of the road. For me anyway, with a name like Oldtimer ten years might be pushing it a bit far.Of all the options 3,4,5.5,6 and 10 year and taking into consideration the new dirt rate next year of 33% and possibly getting hit with PRSI but nobody know's yet how this will operate what would you go with?
At the moment I think I'll go with the 5.5 savings certificates because No DIRT and a good rate?
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