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4k what to do...?

  • 27-04-2008 6:41pm
    #1
    IamBeowulf
    Closed Accounts Posts: 432 ✭✭


    I have 4 grand to invest, is it worthwhile or should I just pop it into a savings account? I'm not looking for instant access, just looking to grow the amount as fast as possible...


Comments

  • #2
    gordon_gekko
    Closed Accounts Posts: 412 ✭✭gordon_gekko


    stick it in savings , no other investment comes close to savings right now unless your some kind of trader who is willing to hit the jackpot today and loose his shirt tomorrow

    you can get up on 10% on a small sum like that in savings


  • #3
    IamBeowulf
    Closed Accounts Posts: 432 ✭✭IamBeowulf


    gordon_gekko wrote: »
    you can get up on 10% on a small sum like that in savings

    Ten percent??? Really, Ok where do I get that? (I'm not doubting you, I just couldn't find anything above 7.35% with First Active i think it was...)

    Thanks for the quick reply btw!


  • #4
    Onikage
    Registered Users, Registered Users 2 Posts: 1,451 ✭✭✭Onikage


    5.22% with First Active eSavings (4.33% applied to entire account balance if equal to or above €15001). For 4K (up to 15K) it's fine. Interest paid monthly.

    You have to watch out for T&C's, some are 10% over 2 years or 7% over 18 months. Or you must be a current account customer lodging xK every month etc.

    When is interest is calculated and paid? Daily is best but monthly is Ok. Annually or bi-annually is a nuisance if you want quick access.


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