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Regular savings with lump sum up front?

  • 25-09-2013 4:00pm
    #1
    youcancallmeal
    Registered Users, Registered Users 2 Posts: 8,066 ✭✭✭


    I'm a bit of an amateur when it comes to savings. I was looking at this handy guide here but it's not perfect for my needs as it doesn't mention about banks that accept lump sums, for example the top 2 don't accept lump sums on their regular savings offerings. Basically I'm looking for the best option for around 15k I want to put in savings and then save regularly after that?

    I was thinking maybe put my lump in something like this and then just set up a separate regular savings account?

    Anyone got any tips?


Comments

  • #2
    xstriker
    Registered Users, Registered Users 2 Posts: 6 ✭xstriker


    Try this link below (it's An Post) and see what you think, some of the options are tax free (no DIRT)

    http://www.statesavings.ie/Pages/AboutAnPost.aspx


  • #3
    JTMan
    Registered Users, Registered Users 2 Posts: 5,557 ✭✭✭JTMan


    youcancallmeal wrote: »
    I'm a bit of an amateur when it comes to savings. I was looking at this handy guide here but it's not perfect for my needs as it doesn't mention about banks that accept lump sums, for example the top 2 don't accept lump sums on their regular savings offerings. Basically I'm looking for the best option for around 15k I want to put in savings and then save regularly after that?

    I was thinking maybe put my lump in something like this and then just set up a separate regular savings account?

    Anyone got any tips?

    Regular saver accounts never accept lump sums.

    You need to:
    (1) Open an instant acces, notice account or term deposit account for your lump sum.
    (2) Open a regular saver account such as with Nationwide UK @ 4.00%.

    Don't go with BoI, like you linked to above, BoI offer poor returns for your money.


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