Savings and Investment Bonds explained | PCI

Irish Insurance News : Smart Saving with Phelan Caswell Insurances

The pandemic brought change in many ways, and recent bank data shows that people are saving more than ever. However, with deposit rates at record lows, and some banks charging negative interest, many Irish savers are seeking better options to grow their wealth.

What Is a Savings Plan?

A Savings Plan is a regular contribution savings product. With consistent deposits, it allows you to reach long-term savings goals. Most people use standard savings accounts or deposit accounts that offer very low interest. These accounts may preserve funds but often provide little growth. By contrast, an investment fund can help savings grow faster, thanks to the potential for higher returns than standard deposit interest rates.

At Phelan Caswell, our team identifies funds with steady, consistent growth options, as well as funds with higher growth potential. While the latter comes with increased risk, your portfolio can be tailored to your specific goals, helping you earn more than a typical bank account.

What Is an Investment Bond?

An Investment Bond, or lump-sum investment, allows a larger deposit with potential for growth over time. Bonds offer flexible saving, and funds can be invested to meet future needs like college fees, a first home, or a long-term nest egg. With this type of investment, a fund manager oversees the assets, choosing when and what to buy or sell. This option also allows flexibility—investors can switch funds or receive regular income from the bond if desired.

How Investment Bonds Work

Investment Bonds operate as a life insurance policy where funds grow over time. You can access diverse funds with differing levels of risk and potential returns. To open a bond, simply meet the fund’s minimum capital requirement, invest in chosen funds, and benefit from potential growth based on the fund types you select.

Understanding the Risks

Investment Bonds carry a level of risk, and a higher return typically requires a higher risk. At Phelan Caswell Insurances, we guide you in choosing a risk level that aligns with your comfort, whether for individual, joint, or corporate investments.

Investing in funds doesn’t require great wealth or expertise. With the right guidance, anyone can start seeing their savings grow. At Phelan Caswell, we make investment accessible and easy to understand. Our team is ready to help you design the right Savings Plan or Investment Bond that fits your goals. Reach out today, and start planning for a brighter financial future.

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Phelan Caswell Insurances Ltd is regulated by the central bank of Ireland