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University Finance Project

  • 11-04-2011 5:14pm
    #1
    PurvesGrundy
    Closed Accounts Posts: 532 ✭✭✭


    Hi everyone,

    I'm doing a financial project in college at the moment, part of it which involves finding two fixed interest deposit accounts over a period of ten years that I can invest a lump sum of money into. So far I have found one from Rabo Direct, but having thoroughly searched the internet at this stage, I am struggling to find another.

    Do any experts on here know of any other similar account over a period of ten years?


Comments

  • #2
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    National Solidarity Bond?


  • #3
    PurvesGrundy
    Closed Accounts Posts: 532 ✭✭✭PurvesGrundy


    I had a look at that, but the interest rates confused me. It said that the rate was like 3.8%, yet you received 1% every year :confused:


  • #4
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    Read the full Terms of it, student :D


  • #5
    PurvesGrundy
    Closed Accounts Posts: 532 ✭✭✭PurvesGrundy


    Right so, is it 3.95% you receive every year or 1%?


  • #6
    GEKKO135
    Registered Users, Registered Users 2 Posts: 90 ✭✭GEKKO135


    I'm only a student too so i'm probably not much help, but from the looks of it the National Solidarity Bond isn't a fixed income security. The interest is changing every year as it's cumulative and there are interest bonuses. Doesn't look very fixed to me...so i am also confused. It's probably called fixed as the interest rates set out at each year don't vary. If I were to use an interest rate it would be 3.95%


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