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Saving a lump sum - best option?

  • 25-01-2013 8:23pm
    #1
    Whipping Boy
    Registered Users, Registered Users 2 Posts: 378 ✭✭


    I have a lump sum (between €5k and €10k) that I would like to lodge somewhere that will give me some kind of interest.

    I'm currently with BOI and want to keep that account for day-to-day expenses, while topping up this lump sum account that will be earning me some interest.

    I have heard Rabo Direct mentioned, and I'm also considering prize bonds. Any other recommendations?

    The option to withdraw this lump sum is nice but not essential.

    Any help is much appreciated


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    The highest paying instant access account is below.

    From Askaboutmoney
    KBC: Smart Access
    3.00% on €3,000 to €100,000
    2.55% on €100,000 to €1,500,000 on entire balance**
    2.04% on €1,500,000.01+
    • Access: Instant access.
    • Interest paid: Annually in December.
    • Read-only online access provided.
    • **Once the account balance (including interest added) exceeds €100,000 the entire balance will earn interest at the KBC Standard Demand Deposit Account interest rate as per the rate above.
    • Deposit Protection: €100,000 via Irish Deposit Guarantee Scheme.

    The highest paying term deposits are here.


  • #3
    Whipping Boy
    Registered Users, Registered Users 2 Posts: 378 ✭✭Whipping Boy


    Many thanks Fungus


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