Am I crazy for considering ten year NTMA bonds?

Thanks! I'll check out that investment fund thread. I'm kinda gambling/hoping the ETF tax will drop before its due.
 
Put the money into National solidarity bonds for 10 yrs option, the 2.1% (No DIRT) rate is pretty good as a conservative option in comparison to 3.5% (minus DIRT) options on raisen. Additionally you can pull the money out at 7 days notice, so if there is a correction in ETFs price this may become a more favourable option.
 
I have €20k to put away for 3-5 years. Don’t want online institution. Am between 5 year saving cert (1.7AER but Tax free) and PTSB 3 year deposit at 3% AER but with DIRT. What do u think?
 
Mousehelp said:
I have €20k to put away for 3-5 years. Don’t want online institution. Am between 5 year saving cert (1.7AER but Tax free) and PTSB 3 year deposit at 3% AER but with DIRT. What do u think?
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Do you know what the "early withdrawal charge" penalty is for the PTSB account?
 
Not sure but don’t intend to withdraw. It’s my daughter’s (ex UB) account and she wil have no need for the money.
 
Mousehelp said:
Not sure but don’t intend to withdraw. It’s my daughter’s (ex UB) account and she wil have no need for the money.
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3% aer for three years seem a better deal even with dirt tax on the interest earned.

20k today is the equivalent of 22,081.62 in 2029 assuming 2% inflation. At 2.5 inflation, its 22,628.16 by 2029.

1.7% a year returns just 21,773.03 in 2029, meaning a potential loss in spending power unless inflation drops below 1.8% and stays there for most of the five year period.

But bare in mind I tend not to know what I'm talking about !

Inflation Calculator: Historical & Future Value

Inflation is the gradual increase in prices across an entire economy. When inflation rises, consumers need to spend more money to buy the same goods and services. A rate of inflation that’s not too high and not too low is necessary to drive spending among businesses and consumers and support a ba
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Compound Interest Calculator

Use our compound interest calculator to see how your savings or investments might grow over time using the power of compound interest
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Thank you. I agree - the 3% looks better even after the dirt. Just hassle getting to the branch!
 
Back in January I had a small bond mature and I re-invested it for another 10 years. Recently I also purchased with new funds a new 10 year bond.
I was sent out recently a new bond for the new purchase but never got a bond in the post for the January re-invested bond.
Would anyone know is this because I re-invested in January online using State Savings website and that's why they don't send out a bond.
The new bond was done in a local Post Office with a cheque and that's maybe why they posted me out a bond for that amount.
 
The reinvestment should definitely have been issued as a new bond. The new bond should appear in your online portfolio and you should have received the cert in the post. Suggest you get on to them about it straight away, quoting the details of the matured bond and the reinvestment date. Their service is pretty appalling and they will probably make all sorts of excuses.
 
The new bond is showing in my online portfolio and I also got a statement in February and it's on that as well. The only problem that I might have in future i.e. 2034 is if then they turned around and said I needed to send them the original bond which I never got.
They don't currently need a bond returned for payment or to re-invest.
 
I got on to them and basically the agent said 'probably got lost in post' which I have my doubts but he was helpful. He sent me out a form and I had to fill in and go to post office and get my driving licence and 2 forms proving my address copied and sent back copies by post. I'm currently awaiting for a new bond to be posted out. I think it's madness the hoops you have to jump through just to get a copy off a bond posted out. I had a similar experience years ago when a very small cheque again 'probably got lost in post'.
On both occasions I must say staff in local post office very efficient.
 
I finally got the new bond in the post after ringing them due to a few weeks delay. They had a problem with the Printer hence the delay. Now after having no issue cashing in bonds that mature online for the last few months I got an e-mail from them looking for a copy off my passport or driving licence. Is this just a random check? I hope I don't get this request every time from now on.
 

They are required to update their records every few (3?) years. So it depends on when you last sent them a copy.
 
I had sent them a copy of my Driving Licence only a few weeks ago to get a bond sent out. I assume this would be held on file.
 
theresa1 said:
I had sent them a copy of my Driving Licence only a few weeks ago to get a bond sent out. I assume this would be held on file.
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You could reply to the request and tell them that! It's probably just someone being too lazy to check before asking.

A few years ago when the Prize Bonds section looked for my proofs of ID, I told them that they already had them on file in the GPO and they were satisfied with that.
 
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