Could your money be working harder for you?

Sponsored Could your money be working harder for you?

However, of the estimated €152 billion that the Irish population has in household savings¹, the vast majority is still languishing in low-interest accounts. This is because while banks were quick to raise their borrowing rates, they have been slow to raise their rates for savers. As there are now plenty of accounts that deliver rates at circa 4%, it is a great time for investors to consider moving their money.

While such funds may experience short-term volatility, they are usually a low-risk option, with the returns mirroring interest rates set by central banks. One of the funds we recommend, for example, is AAA rated and has a gross yield of 4%. With money-market funds, you are only invested for a short period – typically three to six months – so your money remains easily accessible.

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