Best way to invest €8000 over 4 months

J

juanace

Guest
Going travelling in 5 months and have about 8000 in different accounts.

Any advice on the best place to put it until then?

Many thanks!
 
Can you lock for 6 months?

The best rate is with Anglo Irish @ 3.5% for a 6 month term deposit under 20,000 EUR.

(Investec have a 20,000 EUR minimum).
 
Stick all the funds in one high rate demand account and then feed a regular saver account at to earn 5-5% on monthly transfers to boost the returns.
 
Hardly worthwhile opening regular saver accounts if money needed in five months. Make it simple - put it into an Anglo Irish Demand account @ 3.60% or a Nationwide UK Ireland demand account @ 3.55%. Really the amount of interest you will earn is small - if you invest €8000 for 4 months @ 3.60%, the interest after DIRT is 2.70%, so the amount of interest earned into your hand will be €72.
 
Agreed that the regular saver products are not worth the hassle in this case.

I was suggesting a term deposit rather than an on demand product due to the chance that the ECB will cut rates further in the coming months.
 
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