Why not stick it in another account that offers better interest and is also putting money out of the way of temptation. An Post savings accounts are the pits and really only for people who don't have or can't get a proper account elsewhere in my opinion. Even your local CU would probably be better than the PO.I've opened an "old fashioned" post office account and any time I can I stick a few euro in it. I know there is negligible interest but it is at least putting the money out of temptations way and I'm not tied to a specific amount every month.
So you'll presumably have to alter your plans? How did you arrive at the €12K figure and what is it for?So far I have saved 280 in the last 5 weeks .... but that's only because I am being especially budget-minded recently. I don't think I could count on it to make the 12k shortfall though.
Why not stick it in another account that offers better interest and is also putting money out of the way of temptation.
So you'll presumably have to alter your plans? How did you arrive at the €12K figure and what is it for?
Or why not just save sporadic amounts in a Rabo 5% account?
Can I do that? Can I lodge the €4k and then put another amounts in when I have the funds???
I was thinking (if I could squeeze) an extra €100 a month that I might try and do the Rabodirect "managed funds" product.
Would it be worth my while with such a small amount?
Yes - from [broken link removed]:Can I do that?
No restriction on withdrawals or deposits
As above - you should probably not start investing in their funds and should stick to their 5% savings account for the term that you are talking about. Anything else would be too risky since you need the money for a specific purpose in about 16 months.Can I lodge the €4k and then put another amounts in when I have the funds???
There are other regular saver accounts that don't have such a limit but you need to check the terms & conditions carefully to see if they meet your c. 16 months savings timeframe and offer you the required flexibility. See the Financial Best Buys forum.No, you are right about the funds.
I will go with my plan and then try and lodge as much as I can into the Rabodirect Account to top up the €4K.
It's a pity the AIB Regular Saver does not allow monthly deposits over 300
There are other regular saver accounts that don't have such a limit but you need to check the terms & conditions carefully to see if they meet your c. 16 months savings timeframe and offer you the required flexibility. See the Financial Best Buys forum.
or am I raking over old ground here...?
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