Deposits; been lazy

OK, here we go. I've been very money savvy over the years and have managed to accumulate a large amount of money, this is to be used for an extension which I'm hoping will happen approx 6 months time (has been imminent for last 4 years tho!). All this time bulk of money has been in AIB earning little or nothing; max SSIA still in it's original account, another large amount in 7 day online account, even 10k sitting in my C/A. Is there any point in moving it at this stage?? for a 6 months period?

Also, from reading great threads on this site, have stopped overpaying mortgage (BOI .7 tracker) overpayment was €500 and BOI have suggested their dual saver account for this. Also suggesting to put lump sum into their 40 day notice but i see there is better out there...

As an aside i want to put €400 approx a month away for son's education both for secondary (2 years away) and college use.. so would need access to this.. what option would be best?

sorry for all these questions, really should have done more over the years to enhance savings (big windfall on shares last year also)

If nothing else why not stick up to €100k in an Anglo Irish Bank Premium Demand Account, at 3.1%. Nationwide is also out there at 3.3% for up to equivalent of 50kstg. I have found that working hard to maximise returns is often a waste of time. Just closed Anglo reg Saver after saving €24k over 12 months, gross interest paid was €447! Not even a flat 2% return. Prize Bonds increasingly attractive - see another thread on AAM. Slim

Hi Luckystar,

Firstly, read the 3 best buy threads here.

You are earning very little/nothing by keeping your money in an AIB current account, old SSIA accounts and AIB Online Access 7. Close the latter 2 accounts and keep only a minimum balance in your current account.

There are much better options than the BOI 40 day notice account and the BOI Dual Saver account that you mentioned.

I suggest you open a Nationwide UK instant access account @ 3.3%. keep an eye on the rate.

Thanks both; Slim - i think i'll give the prize bonds a miss for the moment... Never heard of anyone getting more than €75!

I'll certainly start an EBS family savings for education.

Realistically, i suppose it's gotta 'be worth the hassle' if nothing else it means AIB don't have my money to use!!