Hi all.
I am posting because I am at a loss as to what my next steps should be.
I'm 27, earning 50k per annum, and after rent/bills I have been able to save 23k over the last couple of years. At the moment I am saving 1,000 euro per month into a regular saver account - the balance of which is 8,000 - and the rest (13,000 euro) is in a notice account.
The regular saver earns interest at 3.5% and the notice account at 2%.
I get the feeling that at my age I should be doing more with my money. With the regular saver, I am building up a nice deposit for a down-payment on a house in about 4 years. But I do not know what to do with the money which is currently sitting in a deposit account earning 2% variable.
Should I keep my money where it is or would it be better elsewhere?
I am posting because I am at a loss as to what my next steps should be.
I'm 27, earning 50k per annum, and after rent/bills I have been able to save 23k over the last couple of years. At the moment I am saving 1,000 euro per month into a regular saver account - the balance of which is 8,000 - and the rest (13,000 euro) is in a notice account.
The regular saver earns interest at 3.5% and the notice account at 2%.
I get the feeling that at my age I should be doing more with my money. With the regular saver, I am building up a nice deposit for a down-payment on a house in about 4 years. But I do not know what to do with the money which is currently sitting in a deposit account earning 2% variable.
Should I keep my money where it is or would it be better elsewhere?