€50,000 lump sum deposit where should I put it?

[Angkor]

I have €50,000 of a lump sum currently sitting in a First Active Plus account earning 3.5% AER. I can put this money away for another 3 1/2 years and I am wondering should I put it into savings certs with on post. Any advice would be much appreciated.

 

[Lightning]

Good choice, An Post offer the best rate for a 3 year term deposit.

Best Buys - Highest Term Deposit Rates

6 Months - Investec - 3.79%
1 Year - Investec- 4.00%
2 Years - Bank of Ireland - 3.44%
3 Years - An Post - 4.30%
5.5 Years - An Post - 4.70%

If you believe that the ECB rate will go up, you may be better off for a year with an Investec 1 year term deposit at 4%, then switch after a year to a possible higher rate.