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Where to put 15-20k

  • 08-03-2011 4:52pm
    #1
    TheAnswer
    Closed Accounts Posts: 235 ✭✭


    As the title says, I want to put 15-20k away for a period of 3-4 yrs.
    All I want is a nice safe deposit with a reasonable return, all of the banks are trying to sell products which gamble some/part of your money on stocks/shares which is not what I want!
    Any suggestions welcome.


Comments

  • #2
    soddy1979
    Registered Users, Registered Users 2 Posts: 284 ✭✭soddy1979


    All depends on what your understanding of "safe" and "reasonable" is.

    As you said you don't want stocks so they're out. As will be commodities; I'm bearish on bonds in the short/medium term, so maybe best to just go for a term deposit account.

    Maybe a 1 year term deposit, which you could roll over at the end of the year. You can get 1 year with Nationwide UK at 3.65%. I wouldn't be too happy locking in a 3/4 year rate in an inflationary environment.


  • #3
    TheAnswer
    Closed Accounts Posts: 235 ✭✭TheAnswer


    Thanks soddy, I'm not sure how Nationwide UK would be of benefit to me living in Ireland but I get the gist of your post:)


  • #4
    MASTER...of the bra
    Closed Accounts Posts: 411 ✭✭MASTER...of the bra


    Nationwide Uk in Ireland

    Also look here and here.


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