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€5.5g's, AIB Online Saver at 3.2% or Prize Bonds?

Chris Hansen · 2011-07-26 00:34:30

What do you guys think? These are savings i put aside for a postgrad but due to illness i wont need it for another year, stick it in AIB's online 7 day notice or a punt at prize bonds?

26-07-2011 12:34am

#1

Chris Hansen

Registered Users, Registered Users 2 Posts: 418 ✭✭

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What do you guys think? These are savings i put aside for a postgrad but due to illness i wont need it for another year, stick it in AIB's online 7 day notice or a punt at prize bonds?

0

Comments

#2 26-07-2011 9:09am

OfflerCrocGod

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I thought prize bonds were 2 something % return? AIB seems the better choice.

0
#3 26-07-2011 10:37am

TiGeR KiNgS

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There's a unsubstantiated rumor going around here that prize bonds win more often in the 1st year of buying them, likely winning amount is 75 Euro, if your lucky.

Assuming the postgrad costs 7k @ 3.2% that's a return of 224 euro.

Deposit seems to be the better option.

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#4 26-07-2011 11:30am

martyoo

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Buy PrizeBonds for a year then sell them and put the money on deposit.

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#5 26-07-2011 5:35pm

Onikage

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TiGeR KiNgS wrote: »

Assuming the postgrad costs 7k @ 3.2% that's a return of 224 euro.

Minus DIRT of 27%, the return on 5.5K is 128.48

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#6 29-07-2011 5:18am

Chris Hansen

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Cheers for the replys guys, i forgot about DIRT myself! any good one year term accounts being offered?

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