Hi
I received a bit of money from an inheritance and want to save it for rainy days. I'm on a tracker mortgage so pay very little at the moment, there is no point paying off a lump sum.
I am looking at opening 2 saving accounts, 1 to be used as a mid term saving, with money accessible should I need it (eg unemployment, etc...). The other one would be a long term saving account to be used for when my kids go to college (in approx 14 years time). I would rather have them in two separate banks. I had a look at the State saving schemes and they look quite attractive, but I don't know which to choose.
Does anyone have any advice for the best returns?
Thanks a lot