Hi all
We are soon to close on the sale of our house and after the mortgage is paid we will have in the region of €420K cash surplus. We are hoping to build a home in the near future but it will be at least a year before we start and will hopefully only need about 350K to complete. In the meantime we want to maximise the returns on the full amount and was wondering if anyone had any ideas. I guess cash deposits are the safest route for such a short term but said I throw the question out in any case.
We have 3 small kids and are both in our mid thirties, only one of us is currently working with the other at home looking after the kids. We already have cash savings of about 35K in a rainy day fund. I have maxed the pension up to last year….
Thanks
DeBarr
We are soon to close on the sale of our house and after the mortgage is paid we will have in the region of €420K cash surplus. We are hoping to build a home in the near future but it will be at least a year before we start and will hopefully only need about 350K to complete. In the meantime we want to maximise the returns on the full amount and was wondering if anyone had any ideas. I guess cash deposits are the safest route for such a short term but said I throw the question out in any case.
We have 3 small kids and are both in our mid thirties, only one of us is currently working with the other at home looking after the kids. We already have cash savings of about 35K in a rainy day fund. I have maxed the pension up to last year….
Thanks
DeBarr