What to do with matured instalment savings?

P

pingin

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I have €10,000 in an instalment savings account with An Post. It has now matured and they're asking me what I want to do with it. Not sure how to handle it.

I'm in my late fifties, living in Dublin, single, no dependants and no mortgage or other borrowings. Working in the public sector.

I'd like to move to the country in the next few years and do a major renovation on a house but this wouldn't be enough money to cover it. Any way to make this sum grow, even modestly?
 
We are living in a world of zero, or even negative interest rates.

The best regular saver account offers 3%, EBS, that is very good.
 
Don't think regular saver is suitable considering OP has a lump sum. Check out the Best Buys thread for info on best lump sum accounts. Interest rates will not top 1% do don't expect much.
If you plan to keep saving on top of this, you could open KBC regular saver which allows initial 10k lump sum deposit, again detail is in Best Buys.
 
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