where to put money?

miss choc

I am closing a savings account it has bad interest and want to move it its about €24k. I have a ptsb savings, An Post and Irish Life just wondering where would be the best to put this I dont want a year fixed but dont want a 10 year either should I split it between two institutions or put it in one. I dont want to lock it away too long as I will need it maybe in the next 3/4 years.

The J Stands for Jay

Needing it in three years would lead you towards an post, assuming you remember to ask them for it in plenty of time. They aren't easy to get money back from.

billyhead

https://www.boards.ie/discussion/comment/118046494#Comment_118046494

I presume your referring to State Bonds and Certs. How hard is it from experience to get the money back. I thought you just give 7 days notice. Surely if it's your money they can't make thinks too onerous otherwise the Central Bank who regulate An Post should be involved.

The J Stands for Jay

https://www.boards.ie/discussion/comment/118046614#Comment_118046614

Paper forms to fill out and post, then they send you a cheque. Could take a while to get the funds.

billyhead

https://www.boards.ie/discussion/comment/118046626#Comment_118046626

Cheers. So from the time you apply for the money back to the time you get the cheque it could take weeks?

The J Stands for Jay

Yeah, depending on the post and how long it takes your bank to clear a cheque.

HildaOgdenx

There's a thread on the ask aboutmoney.com website, OP, which gives details of various savings options, rates available and so on.

https://www.askaboutmoney.com/forums/deposits.69/

Jim2007 fixed typo in site name.