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Lump Sum and Regular Savings

CitizenKeane · 2009-11-25 19:16:58

Apologies if this question has already been asked elsewhere. I have a fairly substantial lump sum (by my standards!) in a savings a/c. The interest rate I'm getting has gone a lot over the last year (as most have), and I would like to move it to another financial institution. From looking up different bank sites etc, it…

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25-11-2009 8:16pm

#1

CitizenKeane

Closed Accounts Posts: 74 ✭✭

Join Date: November 2008

Posts: 68

Apologies if this question has already been asked elsewhere.
I have a fairly substantial lump sum (by my standards!) in a savings a/c.
The interest rate I'm getting has gone a lot over the last year (as most have), and I would like to move it to another financial institution.
From looking up different bank sites etc, it seems most accounts are either for lump-sum investment with no regular deposits, or for regular deposits with no initial lump sum deposit.
Does anyone know which institution offers the best combination of both?

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#2 25-11-2009 9:33pm
Jet Black

Registered Users Posts: 3,845 ✭✭✭

Join Date: December 2007

Posts: 3657

Itsyourmoney.ie is a good place to look.

For regular savings and lump sums

What you could do is deposit whatever lump sum you have into a deposit account with what you find most suitable and with a high interest, and open a seperate regular savings account.

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