I am fairly sure they doDo your Credit Unions pay dividends on your share accounts?
so true - I knew it was poor - it’s nil really - wonder would saving certs be an improvementThen that's as good as you will get without taking on more risk
You really should know what return you got - otherwise how can compare other options?
After DIRT your €70k would earn around €2,800 in AIB's 2 year fixed rate account, you could then reinvest for another 1 or 2 years at whatever rate is best then.I’m just wondering - would be be wise to put this money - 70k total - somewhere for the next three years - where it would be safe low risk - and might make a small return ?
Oh that’s a very good return I think -After DIRT your €70k would earn around €2,800 in AIB's 2 year fixed rate account, you could then reinvest for another 1 or 2 years at whatever rate is best then.
If you are not liable for DIRT, even better.
The best buys threads contain some info about this and there is extensive discussion of the issue in existing threads on these new European online banks.thanks a lot , was looking at sone there - better rates than AIB , but , are they 100 per cent safe ? With the various countries 100 k gaurantee
After DIRT your €70k would earn around €2,800 in AIB's 2 year fixed rate account, you could then reinvest for another 1 or 2 years at whatever rate is best then.
If you are not liable for DIRT, even better.
To be fair, the instant access is a very considerable gain.PTSB 3 year fixed 3% per year is best domestic bank rate for that period you will get. Or AIB 2 year fixed 3% per year.
Moving to "other European banks" online (and lots of us have done it) requires a bit more work for very little gain, other than the funds being on demand rather than locked away for 3 years.
Yes, if you think you'll need the money, no if you are confident you won't. OP's question related specifically to a 3 year period, not instant access.To be fair, the instant access is a very considerable gain.
Unless your confidence is misplaced of course.Yes, if you think you'll need the money, no if you are confident you won't. OP's question related specifically to a 3 year period, not instant access.
Life throws you surprises so having an exit is good.To @time to plan point, bear in mind that if you go for the 2 yr AIB 3%, and find you need access to the funds, you may find it considerably more difficult to withdraw mid term. With the 3 yr PTSB 3%, they at least provide for withdrawals, albeit subject to a fee.
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