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investing €500-€750 a month over 2 years.

  • 17-04-2019 09:26PM
    #1
    Lambman
    Registered Users, Registered Users 2 Posts: 1,041 ✭✭✭


    Looking at investing this amount per month over a 2 year period will be looking till withdraw it then till pay for my wedding. As it's a wedding I wouldn't want high risk. Any ideas?


Comments

  • #2
    Browney7
    Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    Lambman wrote: »
    Looking at investing this amount per month over a 2 year period will be looking till withdraw it then till pay for my wedding. As it's a wedding I wouldn't want high risk. Any ideas?

    A regular savings account with the highest interest rate - think it's KBC at the minute.
    Time period is too short for any equity based investment imo


  • #3
    Lambman
    Registered Users, Registered Users 2 Posts: 1,041 ✭✭✭Lambman


    What return would that give say on €700 a month over 24 months?


  • #4
    Dytalus
    Registered Users, Registered Users 2 Posts: 459 ✭✭Dytalus


    Lambman wrote: »
    What return would that give say on €700 a month over 24 months?

    Based on KBC's calculator you'd save €16,862 in their regular saver account. 700 a month over 24 months is €16,800. So you'd make €62 in interest. You'd be very hard pressed to find much higher returns over such a short term.


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