Advice

[kennyb3]

Im sure this has been done to death in a way but i guess im looking for some specific advice. So here goes:

1. I currently have €10k in a 21 Day Notice Investment Account with PTSB, however with the fall in interest rates it is now only earning 2.50% AER.

Im looking at the new 100 Day fixed Term with PTSB (4.06% AER).

I would be prepared to tie up the money for 6 months but not a year. What would you invest in if the money was yours? is there a more attractive option? which institution is best for this type of lump sum? pref. under a year



2. I also have a further 5k in a BOI special bonus saver account. I rang this morning and was horrified to learn this was only earning 1% as per someone in the branch

I dont want access to this so a 7/21 day account would prob be longest id want.

Any advice re this 5k?


3. Also on another note: I see in other threads the anglo 7.3% regular saver is mentioned, but this has a minimum of ECB (which am i right in saying is only 0.5% ?) plus 2%. so would this only be 2.5% AER and not 7.3% really.



Thanks in advance for your help. I want to put this money to goiod work as im looking at moving out in sept and getting a mortgage 6 months to a year down the line. All extra money will help.

thanks again



Advice appreciated

 

[kennyb3]

Could someone please help me with part 3 in particular. cant figure out how 7.3% is advertised yet i make it only 2.5%. have read a few threads tried to find an explanation but could not

 

[Guest128]

Could someone please help me with part 3 in particular. cant figure out how 7.3% is advertised yet i make it only 2.5%. have read a few threads tried to find an explanation but could not

On point 3: ECB + 2% is the minimum interest rate and its variable. Currently the rate is 7.3%. Interest is calculated daily, hence you earn 7.3% while its at that rate......if they were to drop it to your 2.5% then you would get 2.5% (and alot of accounts being closed!)

Hope this helps

 

[Guest128]

On point 1: the best 6month term is Investec. They have a 6month fixed term deposit at 5.58%, see here for details

On point 2: Halifax have a flexi saver which may be what you want, 3.5% interest and no restrictions on access to funds, see [broken link removed]

HTH

 

[kennyb3]

Thanks * 2 Flanders

 

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[razzledazzle]

Lump all of your money together 10k+5k and stick in the Investec for 6 months. I deposited money @6.4% with Investec before christmas. FBD work on their behalf and are very good to deal with. thats my opinion.