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voluntary redundancy - lum sum

  • 11-09-2012 12:16pm
    #1
    TTWNF
    Registered Users, Registered Users 2 Posts: 221 ✭✭


    just wondering what advice would people give someone who wants to put away some of a voluntary redundancy payment for a year or so rather than leave it sit in a standard current account?

    invest in Gold?

    open a deposit a/c?

    what are the best low risk investments that someone can make?


Comments

  • #2
    Mr_Roger_Bongos
    Registered Users, Registered Users 2 Posts: 1,470 ✭✭✭Mr_Roger_Bongos


    You'll get lots of advice, most of it won't be useful.

    There are no certainties in the next year or so.

    Finding the highest APR and sticking if there is probably decent on return basis.

    If a credit union were offering a competitive rate, you could consider there too.


  • #3
    Kristopherus
    Registered Users, Registered Users 2 Posts: 11,907 ✭✭✭✭Kristopherus


    Do Your Own Research very carefully. If it is a large sum (25k or more) take a good look at the Interest First offers from PermanentTsb and KBC. They are almost identical. May be of some use to you.


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