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savings question....

  • 09-03-2005 7:42pm
    #1
    paddyc
    Closed Accounts Posts: 1,498 ✭✭✭


    okay

    i have a few pound that i want to save for at least 2 years until i would be secure enough to buy a house...

    The saving bonds offered by the POst office offer 2.6% per annum over 3 years and as far as I know you have to have your money in for the 3 years..

    My local bank is offering a measly 1% per annum with smart save account...

    BAr investing this money in stocks as i have no clue about them... do I have any other options... ie a higher interest rate and anoption to pull out in 2 years with the interest if i decide to buy a house...

    all comments welcome, thanks

    paddy


Comments

  • #2
    nahdoic
    Registered Users, Registered Users 2 Posts: 944 ✭✭✭nahdoic


    http://www.askaboutmoney.com/clubman/BestBuys.htm

    Currently northern rock online demand account with 2.6% and extra 0.4% introductory bonus for first 6 months.


  • #3
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    Impresive rate, but their website isn't inspiring confidence atm, I'm getting lots of "Server Error: Type mismatch" errors. Would I be wrong in saying that the minimum deposit (after the first €1000) is €500?

    adam


  • #4
    ionapaul
    Registered Users, Registered Users 2 Posts: 5,307 ✭✭✭ionapaul


    I keep the cash portion of my portfolio in one of Northern Rock's online accounts. Best rate you can get for savings in this country.

    If you have no clue about stocks, stay away - particularly if you will need the cash after only two years.


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