If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What to do with savings?

Yorky · 2007-04-06 18:20:15

In a situation where a risk averse person has come into a sum of money - approximately £5,500 STG and further weekly payments amounting to approx.£3,000 STG PA- , would they be better off: A) putting the money in a high interest deposit account in the UK such as http://www.fool.co.uk/savings/compar...-accounts.aspx OR…

06-04-2007 6:20pm

#1

Yorky

Registered Users, Registered Users 2 Posts: 1,485 ✭✭✭

Join Date: January 2006

Posts: 652

In a situation where a risk averse person has come into a sum of money - approximately £5,500 STG and further weekly payments amounting to approx.£3,000 STG PA- , would they be better off:

A) putting the money in a high interest deposit account in the UK such as http://www.fool.co.uk/savings/compar...-accounts.aspx OR

B)exchanging the Sterling for Euro, putting it into a lump sum deposit account earning 4.3%GROSS and drip-feeding it into a regular saver account earning 7.1%GROSS?

I know the UK deposit rate is higher than the Irish one but the regular saver account pays 7.1%.

There is also a currency risk of course.

Could anyone offer any advice on the best option?

0