I have a lump sum of €10,500 that i won't need access to for about 18months.It appears that the best option is either:
1) Northern Rock On-line Demand deposit at (4%)
or
2) Bank of Scotland Ireland (Halifax) Monthly saver (6.20% EAR; at least ECB+ 1.5% until January 2008) - My action here would be to drip -feed the €10,500 at the maximum monthly contribution of €750 over 14 months which would amount to €10,500.
My question is over the next 14 months which of the above 2 options is more attractive?
1) Northern Rock On-line Demand deposit at (4%)
or
2) Bank of Scotland Ireland (Halifax) Monthly saver (6.20% EAR; at least ECB+ 1.5% until January 2008) - My action here would be to drip -feed the €10,500 at the maximum monthly contribution of €750 over 14 months which would amount to €10,500.
My question is over the next 14 months which of the above 2 options is more attractive?