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Short term account

  • 29-01-2011 12:12am
    #1
    ballyharpat
    Registered Users, Registered Users 2 Posts: 1,833 ✭✭✭


    Hello, I have a substantial sum of money that I will be using to do some renovations. I would like to earn even a little interest on it. It is about 50k, I will begin using it in about 2 months at 10k a month. What is the best thing for me to do with this, currently it is sitting in e-trade, thank you.


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    http://www.askaboutmoney.com/showthread.php?t=101813

    http://www.askaboutmoney.com/showthread.php?t=90481

    I suggest a mixture of KBC @ 3 month term @ 3.03% and Nationwide UK @ instant access @ 3%.


  • #3
    ravima
    Registered Users, Registered Users 2 Posts: 848 ✭✭✭ravima


    take a gamble, try prize bonds


  • #4
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    ravima wrote: »
    take a gamble, try prize bonds

    Prize bonds are run by the NTMA, the money is invested in the national debt. There is a 40% chance that Ireland will default according to the Credit default Swap market. Don't touch any NTMA savings products.


  • #5
    ravima
    Registered Users, Registered Users 2 Posts: 848 ✭✭✭ravima


    Theres a remote chance that world will end on 21st May 2011. (google it if you don't believe me)

    You might not get a chance to use it!


  • #6
    okiss
    Registered Users, Registered Users 2 Posts: 699 ✭✭✭okiss


    should try http://www.nationwideuk.ie - have a monthly savings account & interest is paid on the last day of each month.


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