Education fund query

We wonder could you help us please.

We have 3 children ranging in age between 8 years and a newborn. We have been putting our childrens allowance money into an An Post instalment saving account upto now. Each year now part of it matures and we have to reinvest it in saving certs. or saving bonds or cash it in. We would appreciate your advice on a better way to invest this money for the future third level education of the children.

Regards
Rake

Do a search - .

Most An Post rates are poor these days even allowing for them being tax free and state guaranteed. You could do a lot better even on deposit with another institution. See the Financial Best Buys forum for details of the best demand and term lump sum and regular saver deposit accounts/rates on offer. But for long term savings also at least consider something like a low charges unit linked fund. These are not mutually exclusive options either.

thanks for your help clubman and for providing the link. not really familliar with unit funds but will do some research on the forum.

regards
rake