Long term investment/Deposit

[devil]

I am looking to invest €16k for my daughter who is aged 3 years.
Investment term is likely to be 15 years minimum.
The options I want to look at are.
a) guaranteed interest account. (5 years, 10 years or 15, (I would have to look to re-invest after 5 years or 10)
b) initial sum guaranteed with more risk on the interest side.

I am looking for suggestions.

 

[Palerider]

National Solidarity Bond is good for 10 years if you believe the Govt can pay you...apart from that review the best buys thread and the investments forum.

 

[Lightning]

Personally, I think with all that is going on right now, I would not lock my money up for 10 years in a NTMA product that funds the Irish national debt. It is too risky/there is too much uncertainly.

Read the best buy threads. Are you adverse to locking for 1 year and then reviewing your options again?

 

[devil]

Thanks for the suggestions.

I am not adverse to setting up for one year and reviewing.
I guess it depends on what way you think bank interest rates will go, maybe the 5.5 year saving certificate with An Post is the best rate over the next 5 years.