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ipredictdeat
Guest
Hey just wondering if anybody can help me here. This is a very basic question, but i really only got going on sorting my finances out very recently so excuse my ignorance.
Basically i have a lump sum of €12'000 which i want to lock away some place and get a good return. But i also want to have a regular saving account aswel.
I was wondering would i earn more if i stuck that 12 grand into a lump sum account and then also set up a seperate monthly saving account, or would i be better off lodging all of that into a regular saving account and then just add to it every month?
Ive been searching the internet for info on this and i just cant see it. I dont understand the pros and cons of both types of account. Is there any place i can go which explains all this basic stuff?
Thanks in advance folks.
Basically i have a lump sum of €12'000 which i want to lock away some place and get a good return. But i also want to have a regular saving account aswel.
I was wondering would i earn more if i stuck that 12 grand into a lump sum account and then also set up a seperate monthly saving account, or would i be better off lodging all of that into a regular saving account and then just add to it every month?
Ive been searching the internet for info on this and i just cant see it. I dont understand the pros and cons of both types of account. Is there any place i can go which explains all this basic stuff?
Thanks in advance folks.