Help with 40K

K

Kaciukas

Guest
Hi All

My partner has 40K she received from redundancy and savings.

As we are both clueless when it comes to investments we are looking for help as to where to put it away.

She is not too keen on long term depositing iin case she needs it she wants to be able to access it without penalty or hassle.

At the moment it is in the Credit Union.
She has heard people tell her not to leave it there as it would be better off invested in Prize Bonds.

Is this true?

Can anyone advise on where she should put it please where it would do the most work for her?

Thanking you in advance
K
 
Kaciukas said:
Hi All

My partner has 40K she received from redundancy and savings.

As we are both clueless when it comes to investments we are looking for help as to where to put it away.

She is not too keen on long term depositing iin case she needs it she wants to be able to access it without penalty or hassle.

At the moment it is in the Credit Union.
She has heard people tell her not to leave it there as it would be better off invested in Prize Bonds.

Is this true?

Can anyone advise on where she should put it please where it would do the most work for her?

Thanking you in advance
K
Click to expand...

The Post Office has plenty of options

http://www.anpost.ie/AnPost/MainContent/Personal+Customers/Money+Matters/Savings+and+Investments/
 
In response to some of the points above ...

The CU will not give you a good return for your money.

With Prize bonds you return will most likely be zero.

An Post do not have instant access account with a good return.

I suggest, you
1) Read the Best Buy Lump Sum Deposit Thread.
2) Consider the below account ...

[broken link removed] (Discuss)
3.30% on €2,000 minimum to €2,000,000 maximum.
Note 1: Instant access.
Note 2: NB: Interest is reduced if more than 6 withdrawals are made a year (Apr-Mar).
Deposit Protection: UK Financial Services Compensation Scheme
Click to expand...
 
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