Instant Access Accounts

H

hiagain

Registered User
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43
I'm a novice at investments and could use some help.

I've €125,000 to invest short-term. I want to buy a house with it this year.

I've got a three month investment bond with BOI at the moment 2.65%, with instant access, but didn't do any research.

I'm now thinking I'd be better to maybe put a couple of 10 or 20 thousands into some higher interest accounts (e.g. Halifax etc) and then put the rest into Ulster Bank pathway for 6 months.

I'm basing all of this on http://www.askaboutmoney.com/showthread.php?t=102329

Am I on the right track?
 
So, you need instant access?

I would suggest put the 125K in Nationwide UK @ 3.30%.

If you don't mind multiple accounts, 10K in Halifax @ 3.75%, 20k in IBNS @ 3.75%, 20K in a second account in INBS @ 3.75% and the rest in Nationwide UK @3.30%.
 
I opened up 6 Irish Nationwide (Ireland) accounts at 3.75% each. 2 for me, 2 for my partner and 2 for the baby. 20,000 in each.
 
Don't forget the 35 day notice account from PTSB which is about 3.35% I think - 35 days notice might be almost as good as instant access in your instance as you will probably get a few week's notice of the close of sale.
 
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