Emergency fund

J

jessie1

Guest
Hi,
I'm trying to build up an emergency fund of 20k euro's. I have 10k to deposit straight away and want to save 300 euro's per month until I have the 20k reached. I want to achieve maximum interest and have instant access. I have First Active in mind to deposit the 10k at 5.22% AER and save 300 euro's per month with AIB at 7.1%(apparently this rate is only good until 01/01/08 - after that the ECB rate is the interest rate??). Is this the best scenario??? Looking for advice.

Cheers
 
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