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Saving Child Benefit

  • 02-11-2015 11:27pm
    #1
    GreenHills101
    Closed Accounts Posts: 39 ✭


    Hi all, we recently had a baby and I would like to save money each month to pay for his college eduction. I was thinking of saving the child benefit each month but not sure if this is enough. I spoke to someone in PTSB and they recommended investing the money rather than a saving account but I'm afraid of that as it sounds very risky.

    Can anyone advise on the best way to save for college? I don't need to have easy access to this money so I don't mind locking it away for a long time but I would like the security that comes with a saving account


Comments

  • #2
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    Kbc regular saver is 2%. It's the best you will get with low rates.

    Don't invest with any of the banks. The fees are ridiculous. You something like degiro and invest in funds such as the FTSE 100 index. It's diversified and pretty stable. Although the exchange rate risk is a concern in non-euro funds.


  • #3
    GreenHills101
    Closed Accounts Posts: 39 ✭GreenHills101


    Thank you for the reply! I will ring them in the morning


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