Why would I need a savings plan?
The end result of a savings plan is a LUMP SUM which can be used
for many different things, such as:
- buying your first home, home improvements,
- the holiday of your dreams, your children's education,
- the car you always wanted, or for a "Rainy Day".
How can we help?
We can help you budget, see what you can afford to save, and tailor
a plan to suit your needs. As part of our service we will check out the best
rates at the time of enquiry, go over the different options available with you,
and help you to find the best deal to suit your short and long term needs.
Example of a Savings Scheme using Children's Allowance
Money you save now can provide for your family's education in the future.
Why not start with your monthly Children's Allowance?
As you know, you receive €117 per month for your first child
You can choose to invest this amount in a Savings
Plan, which will provide a significant Lump Sum for your child's future
education. The amounts detailed below are based on saving €117 per month
over the periods indicated. The estimated growth rates refer to
individual savings plans.
Term
|
Estimated growth rate
|
|---|
| 6% | 8% |
|---|
| 10 years | €15,500 | €17,174 |
| 15 years | €25,950 | €30,353 |
| 21 years | €38,700 | €48,024 |
This Plan is open to everybody over 18 years of age and can be set up
at any time. As you can see, the sooner this plan is set up the better.
How can I save?
A Savings Plan can be tailor-made to suit your individual needs.
It can be paid monthly by direct debit, quarterly, bi-annually or annually.
The term of years are designed to suit you so that you can plan for the
future** The minimum term of any savings plan is 10 years.
It is important to note that there is a degree of flexibility
built into any savings plan, the amount you save can change from year
to year should you wish to increase or decrease your investment.
Where do I go from here
The next step is to contact Faith using the form here.
|
