S
speedy1000
Guest
Hi,
I'm thinking of investing €26,000 in rabodirects 3 Month Term Account. currently 4.24%.
I'm planning then on saving about 150 per week while the 26K is on deposit, and when it completes the 12 weeks, to add €1800 saved to the total and re-investing for another 3 months.
I plan on re-doing the same again after that 12 weeks and so on. I don't want to tie up the money for too long a period in case I need to liquify it.
My thoughts are by doing it this way I get to increase the capital every 3 months and maxamise the investment rather than going down the road of a monthly saver idea where interest is paid at the end of the year.
Am I mad or what other options would you suggest I consider ?
Thanks,
I'm thinking of investing €26,000 in rabodirects 3 Month Term Account. currently 4.24%.
I'm planning then on saving about 150 per week while the 26K is on deposit, and when it completes the 12 weeks, to add €1800 saved to the total and re-investing for another 3 months.
I plan on re-doing the same again after that 12 weeks and so on. I don't want to tie up the money for too long a period in case I need to liquify it.
My thoughts are by doing it this way I get to increase the capital every 3 months and maxamise the investment rather than going down the road of a monthly saver idea where interest is paid at the end of the year.
Am I mad or what other options would you suggest I consider ?
Thanks,