lump sum to invest

thebourke

I have a lump sum that i want to put into a savings account for 3 months.
Do i still get charged the full dirt of 33 percent of will it be a quarter of 33 percent for the 3 months?

greenman09

Its calculated on any interest paid. whether its 3,6 or 12 months 33%DIRT is applied.

gerryff

I have a certain amount of money which I want to invest for 4 years. Where would you recommend I save it. I won't need to touch while it is being saved. Thanks?

Liam D Ferguson

gerryff wrote: »

I have a certain amount of money which I want to invest for 4 years. Where would you recommend I save it. I won't need to touch while it is being saved. Thanks?

My own belief is that 4 years is too short a period of time to consider investing money in anything more risky than deposits unless you have the flexibility to delay your withdrawal if required.

Best 4 year deposit rate at the moment is State Savings - see here for other options.

If the amount of money is substantial, you could look at the bond markets.

gerryff

thanks for your advice. The State Savings look best alright