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  • 16-01-2008 12:41am
    #1
    yabadabado
    Registered Users Posts: 16,531 ✭✭✭✭


    i recently inherited some money and after paying off all my loans i have €3000 so i was just wondering what people here think would be the best place to put my cash.What bank offers the best rates or is there any other options i have for the money.I know its not a huge amount and i cant expect to make much interest but any advice would be appreciated .thanks


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    #2
    MIN2511
    Registered Users Posts: 5,398 ✭✭✭MIN2511


    yabadabado wrote: »
    i recently inherited some money and after paying off all my loans i have €3000 so i was just wondering what people here think would be the best place to put my cash.What bank offers the best rates or is there any other options i have for the money.I know its not a huge amount and i cant expect to make much interest but any advice would be appreciated .thanks
    Buy shares! Or buy a painting, the interest earned in most banks is not much


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    #3
    Bottle_of_Smoke
    Registered Users Posts: 9,770 ✭✭✭Bottle_of_Smoke


    if you wanna put it away for a while some rates with boi here

    3K is minimum investment toohttp://boi.ie/personal/savings_and_investment/savings/deposits_bonds/index.html


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    #4
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    I would open a First Active Savers Account - 5.22%

    http://www.firstactive.ie/savings/index.aspx


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    #5
    broker2008
    Registered Users Posts: 750 ✭✭✭broker2008


    You know a painting might not be a bad investment. Have a look at Apollo Gallery on Dawson Street. They will guarantee your money back on many paintings after I think 5 years. So you get to hang and enjoy the painting - presuming that you like etc. Your painting could appreciate in that time and if not you would get your money back , I know some artists have doubled over the years. The money was a bonus. You could also look at starting to regularly save to make up the amount eg €300 per month into Halifax or Rabodirect and you would have the 3k back before the end of the year - could be the best of both worlds !


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    #6
    yabadabado
    Registered Users Posts: 16,531 ✭✭✭✭yabadabado


    i have a savings scheme its a carry on from my ssia i never cashed it in so do u think i shud up the payments on this with the €3000 over the course of the year ?


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    #7
    broker2008
    Registered Users Posts: 750 ✭✭✭broker2008


    It depends what type of fund etc. The First Active Rate that stepbar mentions seems a good alternative.


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