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Who to save with?

  • 25-07-2007 6:39pm
    #1
    Stevecw
    Registered Users, Registered Users 2 Posts: 5,133 ✭✭✭


    Stupidly for the last year or so ive had my money just sitting in a current a/c. I know i gain nothing from that, so looking for advice on the best savings a/c or maybe something to invest in that could give a decent return. Any advice would be greatly appreciated. I have around 15k to save/invest.


Comments

  • #2
    A Random Walk
    Closed Accounts Posts: 346 ✭✭A Random Walk


    IFSRA have something on their website that compares the best offers.

    I believe Rabodirect and Northern Rock are amongst that group.


  • #3
    dwaned
    Registered Users, Registered Users 2 Posts: 477 ✭✭dwaned


    I save with Rabo and I find them very good and easy to deal with. I've moved money in and out of the account several times with no problems and no penalties and I believe that their interest rates are some of the best in Ireland. Also their automatic phone system messages are very funny :-)


  • #4
    Mortmain
    Closed Accounts Posts: 79 ✭✭Mortmain


    The New Ireland Evergreen fund has returned an average of 18% per annum sincc 1976, it has never had a negative return. It's an open ended investment with a minimum recommended term of 5 years. You can invest any amount from 5k upwrds. The most recent term ending in 2006 returned 48% - 'nuff said.

    (and 9/11 & Iraq happened in the middle of that)


  • #5
    A Random Walk
    Closed Accounts Posts: 346 ✭✭A Random Walk


    Mortmain wrote:
    The New Ireland Evergreen fund has returned an average of 18% per annum sincc 1976, it has never had a negative return.
    You should take a look at your figures again.

    The returns for the Evergreen fund are quoted on this pdf. I'd estimate return has been about 10% per annum, most of that coming in the 70s. It has had a number of years where it had a negative return (-7% in 2002). It also appears to be weighted over 30% in property, which many people would say has had a run that is unlikely to be repeated.

    Note that the figures on the pdf do not include fees which I find a bit disingenuous.


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