HouseBuyer10
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Try this for above average deposit accounts, see below;Thank you, @ClubMan. Could you recommend a few better options? I assume no use to put a lump sum in a deposit in the next 1-2 years at least.
1-2 years is too brief to truly 'invest'. I think prize bonds or State Bonds in the Post office might be the way to go. You don't earn lot but it is tax free and very safe. They font provide instant access to your money but it is quick enough for many peopleThank you, @ClubMan. Could you recommend a few better options? I assume no use to put a lump sum in a deposit in the next 1-2 years at least.
I agree.1-2 years is too brief to truly 'invest'.
There is no 2 year state savings bond. The shortest term product is 3 years.I think prize bonds or State Bonds in the Post office might be the way to go.
You may and probably will not earn anything on prize bonds.You don't earn lot but it is tax free and very safe.
True but there is no penalties for an early redemption and they could earn some interest. I was surprised when I learnt this.I agree.
There is no 2 year state savings bond. The shortest term product is 3 years.
You may and probably will not earn anything on prize bonds.
For a 1-2 year timeframe the deposit rates via the likes of Raisin Bank may be worth checking out even if they're still well below inflation.
On state savings? That's not true. E.g.True but there is no penalties for an early redemption
To benefit from the full return, you must hold the product to maturity. See terms and conditions for details on the returns if you encash early
I can't suggest anything offhand with a lower annual management charge. But I would be looking for something like 1% or lower ideally. On the other hand it looks like Irish Life have done an interesting/good job of making a simple to use product here so I don't mean to be too downbeat about it.Thank you, @ClubMan. Could you recommend a few better options? I assume no use to put a lump sum in a deposit in the next 1-2 years at least.
There are no penalties. Yes you wont get the full AER but that isn't a penalty.On state savings? That's not true. E.g.
Ireland State Savings - 3 Year Savings Bonds | Products | State Savings
Our 3 year Savings Bonds are the ideal way to save and earn interest on your savings over the medium term.www.statesavings.ie
You seem to like splitting hairs...There are no penalties. Yes you wont get the full AER but that isn't a penalty.
You aren't keeping it for the full term!! You break out early, they pay you less. It's fair enoughAgree, I think not getting the full advertised return is a penalty
None that I know of.Thank you @noproblem. Are there any risks in using Raisin?
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