Introducing a new Investment Bond and Savings Plan to get more from your savings
Over 60% of us have savings, but interestingly, 1/3 of people in Ireland are unaware of the rate they’re getting on their deposits (e.g. in a bank or building society). It’s frustrating to see that hard-earned money may be sitting idle in these accounts – earning a potentially low interest rate.
We all know it’s comforting to hold some money in the bank – an ‘emergency fund’ for life’s unplanned events. But you can make a portion of your money work harder – and still have access to it whenever you need.
At last… an investment option designed for you
The Life that we have all launched a new Easy Access Investment Bond and Savings Plans. It’s designed to get your money working harder for you, but importantly, you can still access all of your money whenever you need to.
Do you keep putting your plans to save on the long finger? Are you always waiting for the right time? Well, now is the perfect moment to start saving for something special, for a great future. It’s simple and hassle-free to find the right way to save or invest your money.
Set your goals
What are you planning to save for? Take some time to draw up a ‘wish list’ of the things or experiences you would like be able to afford. Now prioritise that list – you can’t do everything at once! Perhaps you’d like to buy a new car? Or maybe you’re planning the holiday of a lifetime? Saving for a ‘rainy day’ or your children’s education might be top of your list.
Do the maths
Whatever they are, it’s important to have clear goals to work towards. It’s also key to figure out how much it will cost to turn each goal into a reality. Do some research and find out roughly how much money you’ll need to save up. Perhaps you have a lump sum you wish to invest, that you can combine with your regular contributions.
Plan your budget
The next step is to figure out your monthly budget. You need to decide how much money you’ll put aside each month to help you achieve your goals. Use our handy budget calculator to figure out how much you can realistically afford to save each month, along with your other outgoings.
Choose your savings plan
Next, you need to find the right home to grow your savings. We offer a great range of savings and investment products to suit all kinds of savers. We can even create a tailor-made plan to suit your needs. Then all you need to do is add to your savings each month – and soon you’ll be ticking off those wish-list items.
Once you’re clear on the reason why you’re saving and how long you wish to save for – we can help you select the saving plan to suit your needs.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these products you may lose some or all of the money you invest.