17yr old with lump sum to invest

[Horatio]

5 Year Savings Certificates | Products | Ireland State Savings

Save a lump sum for 5 years with 5 Year Savings Certificates for a tax-free return with no fees, and access to your money should you ever need it.

www.statesavings.ie

3% after the full 5 years

"To benefit from the full return, you must hold the product to maturity"

In other words if you cash in a portion early you lose the interest on that portion.

After 5 years 90k becomes 92.7k

Urrgh!

An unthinkable move IMO.

 

[Marc]

Actually you only lose some of the interest and the return is generally better than a bank account even on early surrender as we set out in detail here

https://globalwealth.ie/news-and-views/how-do-i-get-the-best-return-on-my-savings