Investments can be made in various asset classes, with Cash being one of those. Bank accounts are one of the items that would be classified as 'cash'.
Irish Times - "Is it time to increase protection on savings?"
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charlie007
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But this is my private stash
charlie007
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I'm talking about a one year investment, as I need the money after that.
It's from a property sale, so the 1st 6 months are secure.
It's the 2nd 6 months that are not guaranteed, but having studied the above posts I'm concluding the risk, of actually not getting my capital back plus interest, is in fact negligible?!?
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Dr Strangelove
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I have €50 in my pocket and €0 in a non-interest bearing current account. I lodge the €50 to the account.
Have I made an investment? I don’t think I have in any meaningful sense of the term.
Why the assumption deposits won't keep up with inflation?
Inflation is currently 1.8% that's easily beaten by a number of acts accounts on the best buy rates.
Best Buy - Savings Best Buys
Savings Best Buys: There are 3 savings best buy threads on AskAboutMoney that are updated frequently. Instant Access and Notice Accounts - Lump sum variable rate savings. Fixed Term Deposits - Fixed Lump Sum Term Deposits from a few months to a few years. Regular Savings - Smaller sum...
www.askaboutmoney.com
That's not to suggest it's a good idea to exceed the 100k per bank limit mind you.
charlie007
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OK Sue Ellen, you stay quiet and the brown envellope will be in the usual spot
People on this site talk about investing in all sorts of things that provide no obvious return, gold, silver, prize bonds, etc. Your cash investment can rise or fall in value against other assets. Maybe it's worth more USD now than when you invested it?
Because they historically don't. Inflation today may be 1.8%, but what will it be tomorrow next year? Or even consider that the "current" inflation figure is based on 12 months of data ending last month. What does it tell you about inflation this month, or about the increase in *your* costs, as opposed to the representative basket of costs used by the CSO?
I disagree. With a lot of thanks to the best buy threads on here, I've for the most part beat inflation over the last 18 years. Sure there were times (2021-24) where that was not the case but outside of that if you're willing to shop around you'll likely offset and more often than not beat inflation.
Very true the future is uncertain but looking at the range of forecasts out the there
Economic forecast for Ireland
The latest macroeconomic forecast for Ireland.
economy-finance.ec.europa.eu
Quarterly Bulletin Q2 2025
Read our latest assessment of the Irish and euro area economies in our latest Quarterly Bulletin No.2 2025.
They all point to future inflation rates below many of the rates currently available.
By no means is this a certainty but it's reasonable to say that on balance the average person should expect to beat inflation with one of the decent deposit rate that is currently on offer.
Before or after accounting for DIRT?
Both.