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High interest savings account?

  • 14-04-2015 2:50pm
    #1
    tmq
    Registered Users, Registered Users 2 Posts: 145 ✭✭


    I've moved back to ireland, and have about €60k in savings that I need to do something with. At this stage just want to keep it safe for 6 months -1 year until I come up with a grander plan.

    This might be asking the impossible, but is there any decent interest rates on savings accounts out there? I've already looked at KBC and Rabo, who seem to be the most popular.

    I already have other money in an investment fund, so not keen on putting more that way. Had contemplated investing in shares, as I've done that before, but I've little time and don't want the risk.

    All suggestions welcome.


Comments

  • #2
    lucky john
    Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    V good info on this link

    http://www.askaboutmoney.com/threads/savings-best-buys.90481/


  • #3
    tmq
    Registered Users, Registered Users 2 Posts: 145 ✭✭tmq


    Thanks, hadn't seen that site before.... looks like a good info source for lots of things.

    KBC and Rabo look to be top of the heap still. Was hoping to find something with a better return.


  • #4
    lucky john
    Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    tmq wrote: »
    Thanks, hadn't seen that site before.... looks like a good info source for lots of things.

    KBC and Rabo look to be top of the heap still. Was hoping to find something with a better return.

    Interest rates are on the floor. there is just nothing out there at the moment for short term savings. 10 year investors in German bonds are PAYING Germany to mind their money. Not good.


  • #5
    smemon
    Registered Users, Registered Users 2 Posts: 3,467 ✭✭✭smemon


    grizzlyg wrote: »
    I've started using a site that does peer to peer lending called <SNIP>. Worth looking into for yourself cause you can lend some money to businesses and get alot more then a bank can offer.

    what is this <SNIP> site you speak of?


  • #6
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    grizzlyg wrote: »
    I've started using a site that does peer to peer lending called <SNIP>. Worth looking into for yourself cause you can lend some money to businesses and get alot more then a bank can offer.

    Peer-to-peer lending platforms are not covered by the Deposit Guarantee Scheme, a fund that guarantees deposits up to 100,000 EUR. This means investors could lose their entire investment if a borrower defaults or the platform goes bust.

    Investors can spread their cash among a number of borrowers to mitigate the risk of default. However, the risk remains significantly elevated versus deposits.


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