Where to go with 40K over 6-9 months

I have 40k to put away for 6-9 months and I was hoping for some advice on what is the best course of action to get the most out of it. Should i just put it on deposit or by taking a little risk could i do better from it. I am open to risk but not too much. I know 6-9 months is not a long time and ideally at the end of it I would still like to have my 40k but also to make a bit on it too. Thanks all

If you choose to go with a cash deposit, you have 2 main options.

Links to the best buys are below.

Personally, I would put the money on demand with Nationwide UK at 3.55%.

1) On Demand

See http://www.askaboutmoney.com/showthread.php?t=102329

1. Best Lump Sum Personal Deposits

Best for amounts from €10,000 to €2 million
Nationwide UK: Easy Access (Discuss)
3.55% on €2,000 minimum to €2m maximum.
NB: Interest is reduced if more than 6 withdrawals are made a year (Apr-Mar).

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2) Term Deposit

See http://www.askaboutmoney.com/showthread.php?t=101813

Best Buys - Highest Term Deposit Rates

6 Months - Investec - 3.25%

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PTSB have the best 9 month term deposit rate at 3.50%.

Thanks fungus. Nationwide UK are pretty new to ireland right? Would my 41K be safe with them, like is it guaranteed?

I haven't ever had an on demand account before so not sure how it works.

I deffo wont need to touch the money for 6 months so at 3.55% if i was to withdraw the money then am i right in saying i would end up with:

41000 at 3.55% for 6 months minus 25% (DIRT) leaves me with 41,546

41000 at 3.55% for 9 months minus 25% (DIRT) leaves me with 41,819

41000 at 3.55% for 12 months minus 25% (DIRT) leaves me with 42,092

Basically can I leave the money there for as long as I need to and will the 3.55% will be applied right up to the day i take it out?

Then when i am ready to take it out is it easy to get your money back?

PintSized said:

Thanks fungus. Nationwide UK are pretty new to ireland right? Would my 41K be safe with them, like is it guaranteed?

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50,000 GBP (about 60,000 EUR) is guaranteed. It's safe.

PintSized said:

Basically can I leave the money there for as long as I need to and will the 3.55% will be applied right up to the day i take it out?

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Nationwide UK could drop or raise their rate inside the next 12 months. The rate could change.

PintSized said:

Then when i am ready to take it out is it easy to get your money back?

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Yes, very easy.