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Setting up College Fund - Best Bank Account?

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  • 28-05-2008 10:18am
    #1
    Gunnersonny
    Registered Users Posts: 47 ✭


    I want to set up a college fund for my daughter who will be starting college - hopefully! - in 4 years. Which bank or account type would give most beneficial?


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    #2
    tHE vAGGABOND
    Registered Users Posts: 6,687 ✭✭✭tHE vAGGABOND


    Not wanting to sound mean, but it really depends on what way you save into it?

    The regular saver accounts have a nice interest rate but the list of terms and conditions are huge. Some don't like lump sums and some will have huge penalties for this and that...

    My personal savings is in a regular savings account in my bank. The interest rate is 'only' 4.5% odd, but it suits me as I can take money out and put, or some in at my leisure, and all from the single online banking interface.

    What I would do if I were you would check out one of those articles in all the Sunday papers, where lists the best and worst place for lump sum's, best and worst place for regular savers etc


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    #3
    unclebill98
    Registered Users Posts: 3,816 ✭✭✭unclebill98


    That would be my way of thinking too..


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